A H.O. sends goods to its branch at cost plus 80%. Goods are sold to customers at cost plus 100%. From the following particulars ascertain the profits made at the H.O.
|
H.O. Rs |
B.O. Rs |
|
|
Stock |
1,00,000 |
– |
|
Purchases |
10,00,000 |
– |
|
Goods sent to Branch (Invoice Price) |
4,50,000 |
– |
|
Sales |
13,50,000 |
4,50,000 |
Note: Sales at the H.O. are made at wholesale basis.