ABC Ltd sells goods on hire purchase basis, the price being cost plus 60%. From the following particulars relating to 2009 ascertain the profit or loss on hire purchase transactions.

Rs

Installments due, customers paying on Jan 1, 2009

6,000

Installment not yet due

75,000

Goods sold during the year on H.P. basis, cost

1,80,000

Cash received from H.P. customers

2,70,000

Installments due on Dec 31, 2009, customer paying

9,000