A H.O. invoices goods to its branches at 20% less than the list price. Customers of H.O. and the branch are charged for goods sold to them at cost plus 100% from the following particulars. Ascertain the profit made at the H.O. and the branch.
|
H.O. |
Branch |
|
|
Rs |
Rs |
|
|
Opening Stock at Cost (at Invoice Price for the Branch) |
20,000 |
8,000 |
|
Purchases |
2,00,000 |
– |
|
Goods sent to Branch (Invoice Price) |
48,000 |
– |
|
Sales |
3,00,000 |
40,000 |
|
Expenses |
43,000 |
2,000 |