Consignment

A invoiced certain goods so as to show a profit of 20% on invoice price 1/10 Th of the goods were lost in transit. The cost price of goods lost is Rs.40,000. The invoice value of goods sent out is —————

X sends out 400 bags to Y costing Rs.200 each, consignor expenses were Rs.4,000. Y’s non selling expenses Rs.2,000. and selling expenses of Rs.1,000. 300 bags were sold by Y. Value of consignment stock will be ———–

X send out goods costing Rs.3,00,000 to Y at cost plus 25%, consignor’s expenses Rs.5,500. 1/10 Th of goods were lost in transit. Insurance claim received Rs.3,000.

Net loss on account of abnormal loss is ————

P send out goods costing Rs.45,000 to Y at cost + 33 1/3. 1/10 th of goods were lost in transit. 2/3 rd of the goods are sold at 20% above  invoice price.The amount of sale value will be —–

X send out goods costing Rs.2,00,000 to Y. 3/5 th of the goods were sold by consignee for Rs.1,40,000. Commission 2% on sales plus 20% of gross sales less all commission exceeds

cost price. The amount of commission will be ———–

A send out goods costing Rs.2,00,000 to B. Consignor’s expenses Rs.5,000. Consignee;s expenses in relation to sales Rs.3,000. 4/5 th of the goods were sold at 20% above cos

The profit of the consignment will be ———–

X sends out 200 boxes of to Y costing Rs.100 each . Consignor’s expenses Rs.4,000. Consignee’s non recurring expenses Rs.900. 1/10 th of the boxes were lost n transit . 2/3 rd of the

boxes received by consignee were sold for Rs.20,000. The amount of consignment stock will be ———-

X send out certain goods to Y, 1/10 th of goods were lost in transit. Invoice value of goods were lost is Rs.12,500. Invoice value of goods sent out on consignment will be ———-

Suresh consigned 600 fans to Naresh to be sold at his risk . the cost of each fan is Rs.300. Suresh paid Rs.6,000 as freight . Naresh paid Rs.1,500 for octroi; Rs.3,500for godown rent. 500 fans were sold for Rs.1,80,000. Naresh was entitled to 4% commission on dales @ 350 per fan and 20% of any surplus consignment will be ————

On 01.09.2006 goods costing Rs.33,000 were consigned by X to his agent Y at a proforma price which was cost plus one sixth profit on invoice price.What is the invoice price of goods——-

X consigns 500 bags to Y costing Rs.400 each at an inflated price of Rs.450 each. Consignor’s expenses freight Rs.1000,Selling Rs.2,000, 400 bags were sold. The amount of stock reserve will be ———-

X sends out 4000 boxes to Y costing Rs.100 each. Consignor’s expenses Rs.10,000. 1/10 th of boxes were lost in consignee’s godown  and treated as normal loss. 2400 boxes

were sold by consignee. The value of consignment stock will be ———-

If the del credere commission is 10% , cash sales is Rs.5,000 and credit sales is Rs.10,000. Calculate the amount of del credere commission

J of Jaipur sends 500 radios @ RS.200 each to D of Delhi. All the radios are sold by D at a profit of 25% on cost. D is entitled to a commission of Rs.25 per radio sold plus 20% of gross sale proceeds as exceeds an amount calculated @ 20% profit on cost. Calculate commission .

A sends 1000 units @ RS.56 to be sold on consignment basis . Consignor expenses amounted to Rs.1000. 50 units were cost in transit. Fins the new price per unit. (Loss is unavoidable)

A consigned 1000 liters of coconut oil @ Rs.50 per it to B. The normal loss is estimated at 5% .The profit was fixed at 14% on the total cost. What is the sale price per litre?

X consigned goods to Y costing Rs.30,000 at cost plus 25%. These goods are to be sold at invoice value plus 10% .Y sold a part of the goods for Rs.33,000. What will be the value of stock lying with Y that will be shown by X at the closing of the accounts?

Del credere commission is fixed in terms of percentage say 10% and credit sales and cash sales are Rs.10,000 and Rs.5,000 respectively . Amount of del credere commission will be ———–

X sends out 400 bags costing Rs.200 each to Y. Sales are to be made at cost +45%. X draws a bill on Y for an amount equivalent to 60% of sales value . The amount of bill will be ———–

Goods costing Rs.1,00,000, Invoice price Rs.1,20,000. send to consignee. Goods sold by consignee for Rs.96,000 at invoice price. Consignee is entitled to a commission of 5% to

cost price of sale made and 10% additional commission on difference of invoice price and cost price of sale made. Amount of commission payable to the consignee will be ———-

Mr.A sold goods amounting to Rs.30,000(Cost of goods Rs.24,000) received on consignment. During the month of April 2009. Half of the sales was on credit. He is entitled for 5% commission on sales. In addition to that he is also entitled for 2% del credere commission. What is the total amount of commission due to Mr.A for the month of April, 2009?

X Ltd sends 5000 bags of cement on consignment to Y Ltd. the cost per bag is Rs.40. The carriage inward is Rs.25,000. It is estimated that the normal loss rate is 10%. Calculate the cost per bag?

S of Surat sent goods costing Rs.3,00,000 to C of chennai at cost+ 20%. Half of the goods sent were sold by C at 10% above the invoice value. The sales value of goods will be———–

Radhika sent goods worth Rs.1,20,000 on consignment to Sarika. 1/8 th of the goods were lost in transit . No claim was receivable for the same . Sarika sold 2/3 of the goods received for Rs.1,00,000. What was the cost of the goods lying with Sarika?

1000 kgs of vegetables were consigned at Rs.18,000 and freight expenses amounted Rs.4,000. During the transit there is a normal loss of 40 kg. If 800 kgs were sold, what will be the value of stock at the end ?

X paid commission to his consignee Y, RS.25,000 which was @5% on sales affected by him. Goods were sold by Mr. Y at a profit of 25% on cost. Stock in hand on 31/03/11 is Rs.50,000

at cost. So, cost of goods sent by Mr. X is ———–

Goods sent on consignment at cost of Rs.50,000. 1/4 th of the goods lost in transit and claim received Rs.10,000. The amount of abnormal loss to be transferred to General P& L Account is ——-

P of punjab sent goods costing Rs.6,00,000 to A of Aligarh. Goods were to be sold at cost plus 33 1/3%. The consignee had to send advance to the consignor at a fixed percentage of sales value and A sent accordingly Rs.4,80,000. What is the percentage of such advance on sales value?

Del-credere commission is fixed in terms of percentage say 10%. The credit sales is of Rs.1,00,000 and cash sales is of Rs.50,000, amount of del-credere commission will be ————–

Yojan kumar consigned goods of Rs.1,00,000 at an invoice price of 20% above the cost to Singham kumar. consignee is entitled for 5% commission on total sales up to invoice.

20% of commission on sales proceeds in excess of invoice price and 2% del-credere commission on credit sales. Singham kumar sold 25% goods for cash at Rs.40,000;

50% of goods at Rs.70,000 on credit and kept 10% goods at invoice price for himself. Calculate the commission payable to Singham kumar .