shweta traders sells some kitchen ware on hire purchase at cost plus 50 find out the 563277

Shweta Traders sells some kitchen ware on hire purchase at cost plus 50%. Find out the profit for the year ending Mar 31, 2009 from the following particulars:

Apr 1, 2008

Mar 31, 2009

Rs

Rs

Stock with hire purchase customers at selling price

13,500

Stock at shop at cost

27,000

Installments Due

7,500

Cash received from customers

90,000

Goods repossessed (installments due Rs 3,000) value at

750

Installments due, customers still paying

13,500

Stock at shop at cost (excluding repossessed goods)

30,000

Goods purchased during the year

90,000

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