Multiple choice

X of Kanpur sends out certain goods to Y of Mumbai at cost + 25%. 1/2 of the goods received by Y is sold at Rs 88,000 at 10% above invoice price. Invoice value of goods sent out is _______________.

  1. Rs 1,50,000

  2. Rs 1,60,000

  3. Rs 90,000

  4. Rs 1,70,000
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let invoice value be X. Half the goods (X/2) are sold at 10% above invoice, so 1.1 * (X/2) = 88,000. X/2 = 80,000. X = 1,60,000.

AI explanation

Let the total cost of goods be C, making the invoice price 1.25C since goods are sent at cost plus 25%. Half of the goods were sold for Rs. 88,000 at 10% above the invoice price, meaning 0.5 of the invoice price equals 88,000 divided by 1.1. Solving this gives 0.5 of the invoice price as Rs. 80,000, so the total invoice value of the goods sent out is 80,000 multiplied by 2, which equals Rs. 1,60,000. The result is Rs. 1,60,000.

Keep practicing — related questions