Q. A purchased goods costing 2,60,000 for joint venture with B. B sold a major part of the goods at cost plus 25% on cost, for 2,50,000. Balance of goods were taken over by B at cost less 10%. Find out profit/loss on Joint Venture. (Solved)
1. (Loss) 10,000
2. 55,250
3. 44,000
4. 50,000
- c. 44,000