After three years the machine was sold to Mr. B for Rs 30,500 and Rs 500 was paid as commission to…


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25

After three years the machine was sold to Mr. B for Rs 30,500 and Rs 500 was paid as commission to… 1 answer below ยป Mr. A bought a machine for Rs 25,000 on which he spent Rs 5,000 for carriage and freight; Rs 1,000 for brokerage of the middleman; Rs 3,500 for installation and Rs 500 for an iron pad. The machine is depreciated @ 10% every year on written down basis. After three years the machine was sold to Mr. B for Rs 30,500 and Rs 500 was paid as commission to the broker. Find out the profit or loss on the sale of machine. Jun 11 2014 04:17 PM

Answer

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