CA CPT Model Test Paper 5 with solutions for online practice

X sent out 1000 units to Y at an invoice price of Rs.125 each calculated at a profit of 25% profit on cost. X incurred Rs. 20,000. $\frac{1}{5}$th of the goods were lost in transit. Y incurred Rs.4,000 towards transportation upto godown and Rs.5,000 as godown rent. $\frac{3}{5}$th of goods received were sold by Y. $\frac{1}{5}$th of balance goods were destroyed in consignee’s godown due to fire. The cost of abnormal loss in transit and godown will be: