Consignment Accounting Foundation Course

Goods costings Rs. 300000 sent out to consignee at cost +25% of invoice price. Invoice price of the goods will be ?

Your Answer

3,00,000+25%of Invoice price. Let, 100 be the invoice price. then,25 is profit. (100×25%). so,,,, 75 is cost price. Cost=> 300000=75% => 300000×100÷75 => 400000.

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