A sold a product for 20% profit to B, B sold for 10 % loss
for 230.
1, What is sale price of A
2, if A have sold for 500 what is profit %
Please explain step by step.
Answer Posted / vishalgoel88@yahoo.com
1) B sold for 10% loss
Cost of good for B = 230/90*100 = 255.55
Sale price of A is = 255.55
2) A sold on 20 % profit
Cost to A = 255.55/120*100 = 212.95
If A sold for 500 this good then profit is 500 - 212.95 =287.05
Profit % = 287.05/212.95 = 134.79%
Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Can you differentiate accounting and auditing?
What is Time capital
what is t code of gr/ir report?
in Tally what is cost cenre,cost categori and why we need to prepare them
Explain what is bank reconciliation?
when we can submit Form-C to the Sales Tax Dept. What is the period to issue Form-C to the supplier
Explain how you can adjust entries into account?
"A" has two divisions of "B" and "c".In our system we have two vendor accounts of B&C.We have received one Non PO invoice of B and posted wrongly in C and its got paid.While reconciling the account we got this error is happend.We contacted the C and asked for refund.But C said,he transfer internally the amount directly to B and he will not refund the amount.How we will settle this entry in our books. If we reverse the entry...there is one invoice needs to be reverse and payment doc needs to be reverse..how we can settle this in our books...
What is process of Vendor Reconciliation and which items will be Add and Less from ad per customer books likes step by step 1-Credit Note shown in vendor a/c but not booked in our a/c- Add or Less 2-Debit Note not shown in vendor a/c but booked in our a/c - Add or Less 3-Invoices not booked in our a/c but shown in vendor a/c- Add or Less 4-Payment booked in our books but not shown vendor- Add or Less If our balance is plus or minus rules is same. like 20000, (-20000) Sir, Provide your mobile n for clarify
What is a comprehensive income?
Do you know what is the importance of team work in this position?
SHADOW BALANCE SHEET
I got a transaction of Online Recruitment Charges, So What is the Ledger to Create?
my company taken a hdfc car loan rs.355493/= but bank received only 347345/= .after received the amount company purchase the car. after that regular emi paid to hdfc bank.
What was your most complicated sales cycle in past positions?