X Ltd. has retail branch at Cochin. Goods are sold to customers at cost plus 100%. The wholesale price is cost plus 80%. Goods are invoiced to Cochin at wholesale price. From the following particulars calculate the profit made at H.O. and Cochin for the year 2009:
|
H.O. Rs |
B.O Rs |
|
|
Stock on Jan 1, 2009 |
75,000 |
Nil |
|
Purchases |
4,50,000 |
Nil |
|
Goods sent to Branch (at Invoice Price) |
1,62,000 |
– |
|
Sales |
4,59,000 |
1,50,000 |
Note: Sales at H.O. are made on wholesale basis; stock at branch is valued at invoice price.