Multiple Choice Questions on Goods are sent to branch at cost plus 20 The loading on the invoice price will be ........ for UPSC EPFO Exam Preparation

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Multiple Choice Questions

Goods are sent to branch at cost plus 20 The loading on the invoice price will be ........

General Accounting Principles Special Journals
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    Goods are sent to branch at cost plus 20%. The loading on the invoice price will be

    16.67%

    Correct Answer

    28%

    Incorrect Answer

    33.33%

    Incorrect Answer

    25%

    Incorrect Answer
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    Explanation:

    loading would be-

    20/120 x 100 = 16.67%

    By: NIHARIKA WALIA
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