intermediate(ipc)course (no) (1460 Points)
12 June 2012A). s & g are partners sharing profit & losses ratio 4:1.m was manager who received salary 4000/- p.m in addition to a commission of 5% on net profits after charging such commission.profits of the year 678000/-.total remuneration of m will be
a). 78000
b). 88000
c).76000
d).87000
B). there are 1000kg apples sent on consignment,cost being 3/- per kg.freight paid by consignor & consignee 4000/- & 2500/-.15% loss is unavoidable.what is the per kg value.
a).6.94
b).4.5
c).4.75
d).4.25
Tejaswi Kasturi
(student-cpt)
(427 Points)
Replied 12 June 2012
678000-4000*12=630000 from this 5% commission after charging such commission implies 630000*5/105 = 30,000 so total remmuneration = 30,000+48,000=78,000. Initially i made mistake by taking the remmuneration for one month as remmuneration for one year
total cost of apples = 3000+6500 = 9500 9500/850 is teh cost of apples per kg = 11.17
RaGHuRaM
(The Easy are never Good and the Good are never Easy....)
(4952 Points)
Replied 12 June 2012
RaGHuRaM
(The Easy are never Good and the Good are never Easy....)
(4952 Points)
Replied 12 June 2012
Roshan A
(Chartered Accountant)
(458 Points)
Replied 13 June 2012
Its hilarious to see freight charges to be more than the basic cost of Apples
Arjun
(CA Final)
(106 Points)
Replied 13 June 2012
6,78,000-(4000 X 12) = 630000 Commission = 630000 x 5/105 = 30000. Therefore total remuneration = (4000 x 12) + 30000 = 78000
harsh
(as)
(22 Points)
Replied 15 June 2012
the ans is 4.294...!! there must b mistake in freight amnt.. it wuld b 400 and 250. :)
CAclubindia
