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1/3rd of above goods sold at a profit of 10% on cost and half of the payment is received in cash.

Question

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Solution

To answer the question, let's break down the information given step by step:

  1. Calculate 1/3rd of the above goods:

    • If we assume the above goods have a value of X, then 1/3rd of X can be calculated as (1/3) * X.
  2. Calculate the profit on cost:

    • The profit on cost is given as 10%. To calculate the profit, we multiply the cost by the profit percentage. So, the profit on cost can be calculated as (10/100) * cost.
  3. Calculate the selling price:

    • The selling price is the sum of the cost and the profit on cost. So, the selling price can be calculated as cost + profit on cost.
  4. Calculate the cash received:

    • Half of the payment is received in cash. To calculate the cash received, we multiply the selling price by 1/2.

Please note that the specific values for cost and above goods are not provided, so we cannot provide the exact numerical calculations. However, by following these steps, you should be able to calculate the required values based on the given information.

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