मराठी

The spread sheet below shows the sales of Jupiter Ltd. made by four salesmen in the four quarters of the financial year 2022-23: The company gives a commission of 10% on its total sales. - Accounts

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प्रश्न

The spreadsheet below shows the sales of Jupiter Ltd. made by four salesmen in the four quarters of the financial year 2022-23:

  A B C D E F G
1 Sales in ₹
2 Salesman No. Qtr 1 Qtr 2 Qtr 3 Qtr 4 Total Sales Commission @ 10% of sales (₹)
3 S1 6,000 7,000 ?? 9,000    
4 S2 8,000 9,000 8,200 8,500 33,700  
5 S3 9,600 8,400 9,200 9,500 36,700 ??
6 S4 ?? 7,600 8,000 12,000    
7 Total            

Based on the above transactions and the information given in the spreadsheet, answer the following question:

  1. Write the formula to calculate the cost of the goods sold by Salesman No. S2 in Qtr 2, if he had sold the goods at a profit of 10% of the sales.
  2. Write the formula to calculate the sales made by Salesman No. S2 in Qtr 3 in cell D3, if he had sold the goods at a profit of 10% of the cost.
  3. In Qtr 1, Salesman No. S4 sold goods costing ₹ 8,800 at a loss of 10% of the sales. What is the selling price of the goods in cell B6.
  4. The company gives a commission of 10% on its total sales. Write the formula to calculate the commission earned by Salesman No. S3 in cell G5.
थोडक्यात उत्तर

उत्तर

1. 

Given: Profit = 10% of sales.

           S2 in QTR S.P = 9,000

Profit =  Selling price − Cost price   ...(formula)

Substituting the profit percentage,

0.10 × S.P = S.P − C.P

Rearranging the formula to solve for CP.

C.P = S.P − 0.10 × S.P

C.P = 0.90 × S.P

 Now, C.P = 0.90 × 9,000

∴ C.P = ₹ 8,100

The cost of the goods sold by Salesman No. S2 in Qtr 2, if he had sold the goods at a profit of 10% of the sales, is ₹ 8,100.

2.

Given: Profit = 10% of cost

            Qtr 1: ₹8,000

            Qtr 2: ₹9,000

            Qtr 4: ₹8,500

Total given sales = 8,000 + 9,000 + 8,500

= 25,500

Now, Subtract this from the total sales for the year to find the sales for Qtr 3:

Sales in Qtr 3 = 33,700 − 25,500 = 8,200 

∴ The sales made by Salesman No. S2 in Qtr 3, if he had sold the goods at a profit of 10% of the cost, is ₹8,200.

3.

Given: Loss = 10% of sales

Cost price = Selling price − Loss    ...(formula)

Since, L = 0.10 × S.P, we can substitute this into the equation:

C.P = S.P − 0.10 × S.P

8,800 = S.P − 0.10 × S.P

8,800 = 0.90 × S.P

∴ S.P = `"8,800"/"0.90"`

= 9777.78

Thus, the selling price of the goods in cell B6 for Salesman No. S4 in Qtr 1 is ₹9,778.

4. 

Given: Total sales of Salesman No. S3 = 36,700

Commission = Total sales × 10%   ...(formula)

                     = 36,700 × 0.10

∴ Commission = 3,670

To place this in cell G5, you would use the formula:

Cell G5 = 36,700 × 0.10

Thus, the commission earned by Salesman No. S3 is ₹3,670.

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Activity Ratios - Inventory Turnover Ratio
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
2024-2025 (April) Specimen Paper

संबंधित प्रश्‍न

From the following information calculate inventory turnover ratio; Revenue from operations Rs.16,00,000; Average Inventory Rs.2,20,000; Gross Loss Ratio 5%.


The quick ratio of a company is 1.5: 1. A state with reason which of the following transactions would

i. increase:
ii. decrease or
iii. not change the ratio

a. Paid rent Rs 3,000 in advance.
b. Trade receivables included a debtor Shri Ashok who paid his entire amount due Rs 9,700.


The Quick Ratio of a company is 0.8:1. State whether the Quick Ratio will improve, decline or will not change in the
following cases:
(i) Cash collected from Debtors Rs. 50,000.
(ii) Creditors of Rs. 20,000 paid off.


Choose the appropriate alternative from the given options:

Which of the following is not an activity ratio?


Inventory in the beginning ₹ 30,000
Inventory at the end ₹ 50,000
Net Purchases ₹ 5,00,000
Wages ₹ 25,000
Salaries ₹ 40,000
Revenue from operations ₹ 8,00,000
Carriage Inwards ₹ 5,000
Returns Outwards ₹ 30,000

Calculate Inventory Turnover Ratio


Calculate Revenue from operations of BN Ltd. From the following information:

Current assets ₹ 8,00,000.
Quick ratio is 1.5: 1
Current ratio is 2: 1
Inventory turnover ratio is 6 times.

Goods were sold at a profit of 25% on cost.


What will be the amount of gross profit of a firm if its average inventory is ₹80,000, Inventory turnover ratio is 6 times, and the Selling price is 25% above cost?


Interest on Loans given by a financial company is shown in the Statement of Profit and Loss as ______.


Cost of goods sold =____.


The 'Inventory Turnover Ratio' from the following information will be:

  (₹)
Revenue from Operations 12,00,000
Average Inventory 2,00,000
Gross loss ratio 20%

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