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A&B purchased goods costing 2,00,000, B sold 4/5th of the goods for Rs 2,50,000.Balance goods taken by B 20% less cost. How much is the Group profit.

<p> </p> <p><strong>a) Rs.82000</strong></p> <p><strong>b) Rs .90000</strong></p> <p><strong>c) Rs.50000</strong></p> <p><strong>d) None</strong></p>

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Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2014/10/23
Ahmed kandil
by Ahmed kandil , Cost Controller , Battour Holding Cpompany

Answer is A 

200000*.8 =160000  -- (4/5 =.8)

=900000 PROFIT 

-----

THE40000 BALANCE taken by the B company by less20% cost 

thus40000 * .8 =32000 ((40000 -32000 =8000 Loss )) 

------

net profit =90000 -8000 =82000  

 

thanks 

Ayman Esa Mustafa Farrag
by Ayman Esa Mustafa Farrag , مدير مالي , شركة الصفوف

d is the correct 

profit of the group is50000 less a25000'b25000 but b have a balance40000unit Her profit10000 so 

Sivasubramanian R
by Sivasubramanian R , Assistant Manager - Business Support and Accounting , M/s ASA Associates & LLP.,

a

Altaf Bhoon ACA
by Altaf Bhoon ACA , Assistant Finance Manager , Atlantic Maritime Group FZE

Rs.82000 option A

Jamal El-Enany
by Jamal El-Enany , Finance & Admin Manager , Fiesta Kuwait co,.

A  -  is correct

Jamal El-Enany

Finance & Admin Manager

 

Ahmed Abdi Mahad
by Ahmed Abdi Mahad , Director of Internal Auditing Directorate , Jigjiga University

Choice A........................., is the answer for this question

Muhammad Sajjad
by Muhammad Sajjad , Chief Accountant , Hassan Kabbani Est. for Gen. Const. of Buildings (IKK Group of Companies)

 

Sales                                 = 250000+32000=282,000    

Less:Cost of Good Sold=160000+40000=200,000

Gross Profit                                                        =82,000

a for joint venture with b purchases goods costing 200000 b sold the good for 280000  un sold materials costing 10000 was taking over by a at 8000 a is entilied ta get 1% commisssion on purchase b is entiled to get 2% commission on sales profit on ventues will be 

Alex Al Yazouri
by Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

a) Rs.82000

MALIIK SOHAIL ABBAS
by MALIIK SOHAIL ABBAS , ACCOUNTS MANAGER , AL RAWDAH GREEN SWEET WATER

option A IS THE CORRECT ANSWER

Basit Ali
by Basit Ali , Director of Engineering , Laverda Suites & Villas / Blue Bay Resorts

A is right