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A sold goods costing 40$ to B after getting 20% profit on sales and then B sold the same to C for loss of 20% on sales,calculate amount of loss to B.

Asset Management Accounting Financial Analysis Financial Management
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Question added by Khan Sohal khan , Associate , State Street Syntel Services Pvt Ltd.
Date Posted: 2014/09/18
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VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

@40$ cost A Sold to B @50$ (at20% profit on sales)

Now B’s cost =50$

@50$ cost B Sold to C @41.7  $ (i.e. @20% loss on Sales)

 

B’s loss =50$ -41.6$ =8.3 $ (aprx.to digits)

Shamel Rashad, CMA
by Shamel Rashad, CMA , Finance Manager , Bavaria Alarm S.A.E.

Cost to A =40$

Cost to B =40$ *1.2 =48$

Selling Price from B to C =48$ *0.8 =38.4$

Loss to B =48 -38.4 =9.6$

Khan Sohal khan
by Khan Sohal khan , Associate , State Street Syntel Services Pvt Ltd.

8.33$ is the loss to B

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