wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Goods costing Rs. 1,80,000 sent out to consignee to show a profit of 20% on Invoice Price. Invoice price of the goods will be.

A
Rs. 2,16,000
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Rs. 2,25,000
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
Rs. 2,10,000
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
None
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B Rs. 2,25,000
Loading on invoice price = 20% on invoice price
This means, Loading on cost price = 25% on cost
So, invoice price of goods = cost + loading on cost = Rs. 1,80,000 + (Rs, 1,80,000 x 25%) = Rs. 1,80,000 + Rs. 45,000 = Rs. 2,25,000.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Activity Ratios
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon