Sanjeev of Ludhiana, invoiced 250 oil bags costing Rs. 800 each, to Somya of Delhi, at an invoice price, which included 25% profit on cost. The consignor paid  Rs. 30, 000 as carriage expenses. During the transit, ten bags leaked but these were taken as a normal loss. Somya sold 192 bags. Find the consignment stock at the end at an invoice price.

Total direct cost of 250 bags = 2, 50,000 + 30,000 = Rs.2, 80,000             Less: Normal loss of 10 bags                = Nil Thus, net direct cost of remaining 240-192= 48 bags = 2, 80,000/240*48 = 56,000             Add loading 48*200 per bag           = 9,600, i.e. 65,600 If direct cost of bags is taken as 2, 50,000 only, then closing stock at cost will be Rs. 50, 000 and Rs. 59, 600 at an  invoice price.