A of Assam sent goods costing ` 45,000 to K of Kolkata at cost plus 331/3%. 1/5 of the goods were lost in transit and the remaining was sold at profit of 20% on invoice price. Find the value of sales -

Question

Quizplus · Accepted Answer

The invoice price is 45,000 + 33.33% of 45,000 = 60,000. 1/5 of the goods were lost, so 4/5 of the goods were sold. The value of goods sold is 4/5 * 60,000 = 48,000. The sales were made at a profit of 20% on the invoice price, so the sales value is 48,000 + 20% of 48,000 = 57,600.

A of Assam Sent Goods Costing ` 45,000 to K