Sudhir of Simla consigned 100kg of vegetables to D of Delhi for ` 1500. He spent ` 75 on transportation. 10kg were found unfit for resale due to weather conditions and of the remaining 85 kg were sold for ` 1675. Find the value of closing stock.
A)87.50 .
B)75.00 .
C)80.00 .
D)90.00

Question

Quizplus · Accepted Answer

The value of the closing stock can be calculated by first determining the cost per kg of the vegetables that were fit for sale. Sudhir's total cost was `1500 for 100kg plus `75 for transportation, making it `1575 for 100kg. Due to weather conditions, 10kg were unfit for sale, leaving 90kg. The cost per kg is `1575/90 = `17.50. Since 85kg were sold, 5kg remained as closing stock. The value of the closing stock is 5kg * `17.50 = `87.50.

Sudhir of Simla Consigned 100kg of Vegetables to D of Delhi