i wrote a
How was CPT this time?
Page no : 5
pratik singhal
(z)
(276 Points)
Replied 18 June 2012
because ownership has bt passed to b or c. so a will pay. im nt sure
Gaurav Mohnani
(OWNER)
(536 Points)
Replied 18 June 2012
Consignment que .. X send good rs. 50000 y at cost+10% y send it to c 20% of invoice price amount of sale wii be? A-55000 B-68750 C-6600 D-5000
CA SACHIN SAINI
(N.A)
(85 Points)
Replied 18 June 2012
ans Rs 66000 is wrong....correct ans is Rs 68750.
For X cost =Rs 50000
For Y cost = Rs50000+10%-----Rs55000
Y send it to C @ 20% on invoice price----but here we dont know the invoice price
so we will take 25% on cost------i.e Rs 55000+25%=Rs 68750-----selling price charged by Y to C
for verification of ans : it's given profit is 20% on SP----i.e Rs 68750 * 20%------Rs13750
& on Cost Rs 55000*25%------Rs13750
Gaurav Mohnani
(OWNER)
(536 Points)
Replied 18 June 2012
Since 50000 is cost price X sends ===> To Y @ ( 50000 + 10 % ) = 55000
and Y sends ====> To X @ ( 55000 + 20 % ) = 66000
(Note : since Y gets the goods form X at Cost+Mark up == Invoice Price ) so Calculating 20 % on it will be the solution
CA SACHIN SAINI
(N.A)
(85 Points)
Replied 18 June 2012
its a logic....if its 20% on Invoice price that is 1/5th of Invoice price then its always 1/4th on cost price i.e 25% on cost.
& if its 1/6 on invoice price then its going to be 1/5 on cost..i mean denominator is reduced by 1.
Navin
(Student)
(48 Points)
Replied 19 June 2012
@ Sachin Saini : Dude simply answer this the Consignee get the goods on Cost price or Invoice price .. :)
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