A purchased an old computer costing ₹10,000 and incurred ₹1,000 on its repairs and ₹500 on its packing. He sold the computer at 20% margin on selling price. The sales value will be —
CS CSEET · Business Economics & Fundamentals of Accounting and Auditing · PYQS · June 2013
A purchased an old computer costing ₹10,000 and incurred ₹1,000 on its repairs and ₹500 on its packing. He sold the computer at 20% margin on selling price. The sales value will be —
Answer & Explanation:
Correct Answer: Option (C)
Correct answer: (C) ₹14,375. Total cost is 11,500. Selling price at a 20% margin on sales = 11,500/0.80 = 14,375.
Topics: Fundamentals of Accounting
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