alleryStart learning →Listed price Rs 2,00,000, duty 20,000, freight inwards 8,000, discount 10,000, storage 4,000. Purchase cost?
ARs 2,28,000
BRs 2,18,000
CRs 2,22,000
DRs 2,54,000
Answer & Solution
Correct answer: B. Rs 2,18,000
Cost = 2,00,000 + 20,000 + 8,000 - 10,000 = Rs 2,18,000, and storage is not part of purchase cost.
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