X and Y enters into a Joint venture for sale of antique items, X send goods...

  

Transcribed Image Text:

X and Y enters into a Joint venture for sale of antique items, X send goods worth Rs 60000 to Y 3/4 of which were sold by Y for Rs 90000 and remaining were taken over by him at the same gross profit margin at which the goods were sold to the outside customers less 20% discount on such value. What is the profit on this particular Joint Venture X and Y enters into a Joint venture for sale of antique items, X send goods worth Rs 60000 to Y 3/4 of which were sold by Y for Rs 90000 and remaining were taken over by him at the same gross profit margin at which the goods were sold to the outside customers less 20% discount on such value. What is the profit on this particular Joint Venture

Answer rating: 100% (QA)

X and Y entas Inw a joint ventie for sale of antique Her X Send 600080 to 1 34 S... View the full answer