An engineer bought a second-hand service car and later sold it to a client at a profit of 20%. The said client then resold the car to a trader at a profit of 28%. If the trader paid P30,000 more than it cost the engineer, how much did the engineer paid the car?
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An engineer bought a second-hand service car and later sold it to a client at a profit of 20%. The said client then resold the car to a trader at a profit of 28%. If the trader paid P30,000 more than it cost the engineer, how much did the engineer paid the car?
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- a man purchased a car with a cash price of 350,000.00 He was able to negotiate with the seller to allow him to pay only a down payment of 20% and the balance payable in equal 48 end of the month. On the day he paid the 20th installement, he decided to pay the remaining balance. How much is the monthly payment? what is the remaining balance that he paid?A man purchased a car with a cash price of P700,000.00. He was able to negotiate with the seller to allow him to pay only a down payment of 20% and the balance payable in equal 48 end of the month installment at 1.5% interest per month. On the day he paid the 20th installment, he decided to pay the remaining balance. How much is the remaining balance that he paid?Mr. Samson hired the services of a broker to sell his property. The owner said he bought it at P6,300,000.00 and wants a 30% gross profit. If you were a broker, at how much would you sell the property? If you will be paid 5% commission, how much shall be added to the selling price that the 30% profit of Mr. Samson will not be affected?
- Assume a jeweler paid $1,000 for a watch and sold it for $4,000. What would be his markup based on cost? Show calculations. What would be his markup based on selling price? Show calculations.Kedai Ali purchased a personal computer. Its invoice price was RM10,000 with terms of 2/30, n/60. A sales tax of 5% on invoice price and transportation charges of RM200 were paid by the buyer. In addition, insurance of shipment of RM100 was also paid. The cost to install the computer was RM350. If Kedai Ali paid within the discount period, the amount debited to the computer account wasKedai Ali purchased a personal computer. Its invoice price was RM10,000 with terms of 2/30, n/60. A sales tax of 5% on invoice price and transportation charges of RM200 were paid by the buyer. In addition, insurance of shipment of RM100 was also paid. The cost to install the computer was RM350. If Kedai Ali paid within the discount period, the amount debited to the computer account was O RM9,800 O RM11,150 RM10,927 RM11,255 POCO SHOT ON POCO F2 PRO estimated
- Facts: A car leadership just sold a luxury car to a customer. The purchase contract establishes a base price of $60,000 plus a contractual interest rate of 4% payable in 60-monthly installments of $1,105. Control of the car was transferred when the client signed the contract and drove off the lot . If the client had obtained separate financing (say a bank loan) for the purchase of the car. his interest rate would have been 6%Journalize in the perspective of the car leadershipKoykoy is a sales agent of Mikoy Car Company. He was able to sell reposed car worth $648,000.00. He gave his buyer a discount of 35,000.00 His buyer paid a down payment that is 20% of the net price. The balance will be paid through bank financing. Question: 12. What is KoyKoy's net commission if the commission rate is 3%? a. 5, 191.15 b. 5, 291.15 c. 5, 391.15 d. 5, 491. 15A shopkeeper pays 24 RO VAT. He sells the product to the customer for 730 RO. The sales tax is 8%. What price did the shopkeeper pay for the product?
- The list price of a secondhand van was P300,000 at a local car dealership. However, a customer convinced the dealer to sell the van for P250,000 (the van had cost the dealer P200,000). The amount of revenue that would be recognized as a result of the sale is:Luke Consulting enters into a contract with Holand University to restructure Holand's processes for purchasing goods from suppliers. The contract states that Luke will earn a fixed fee of 25000 and earn an additional 10000 if Holand achieves 100000 cost of savings. Luke estimates a 50% chance that Holand will 100000 of cost of savings. Assuming that Luke determines the transaction price as the expected value of expected consideration, what transaction price will Luke estimate for this contract?* Your answer is incorrect. Crane Company sells 302 units of its products for $20 each to John Inc. for cash. Crane allows John to return any unused product within 30 days and receive a full refund. The cost of each product is $13. To determine the transaction price, Crane decides that the approach that is most predictive of the amount of consideration to which it will be entitled is the probability-weighted amount. Using the probability-weighted amount, Crane estimates that (1) 9 products will be returned and (2) the returned products are expected to be resold at a profit. (a) Indicate the amount of net sales. Net sales $ (b) Indicate the amount of estimated liability for refunds. Liability for refunds $ Cost of goods sold 5869 (c) Indicate the amount of cost of goods sold that Crane should report in its financial statements Lassume that none of the products fave been returned at the financial statement date) 5 eTextbook and Media 171 Q Search 3913 (7