Multiple choice

Rytham consigns goods of the proforma invoice value of Rs. 2, 00,000 to Somya charging 25% profit on cost price. What is the amount of loading?

  1. Rs. 1 ,60,000

  2. Rs. 50,000

  3. Rs. 40,000

  4. Rs. 2, 50,000

  5. Rs. 2, 40,000
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Proforma invoice value is Rs. 2,00,000. Loading 25% on cost price, i.e. 1/4th of cost, i.e. 1/5th of invoice price, i.e. Rs. 40,000.

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