A purchased goods costing 2,60,000 for joint venture with B. B sold a major part of the goods at cost plus 25% on cost, for 2,50,000. Balance of goods were taken over by B at cost less 10%. Find out profit/loss on Joint Venture.

A purchased goods costing 2,60,000 for joint venture with B. B sold a

1.	A purchased goods costing 2,60,000 for joint venture with B. B sold a major part of the goods at cost plus 25% on cost, for 2,50,000. Balance of goods were taken over by B at cost less 10%. Find out profit/loss on Joint Venture.
A.	(Loss) 10,000
B.	55,250
C.	44,000
D.	50,000
Answer» D. 50,000