CA CPT Model Test Paper 5 with solutions for online practice
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Question : 46 of 200
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X invoiced goods to Y at 25% profit on cost. 40% of goods were lost in transit. 60% of goods received were sold by consignee at 25% above the invoice price. Rate of commission is 10% on sales at invoice price plus 50% of gross sales less all commission exceeded cost price. The amount of commission is Rs. 7,800. The cost of goods sent on consignment is:
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