consignment sale

This query is : Resolved

raghu (Querist)
Follow

10 May 2008 x of kolkata send out goods costing Rs.100000/- to Y of Delhi.3/5th of the goods were sold by consignee for Rs.70000/-. Commission 2% on sale plus 20% of gross sales less all commission exceeds cost price. The amount of commission will be: a)2833/-or b)2900/-or c)3000/-or d)2800/-.(which is asked in CPT level).

Jitender

Jitender (Expert)
Follow

11 May 2008 a) 2833

raghu

raghu (Querist)
Follow

11 May 2008 hi jitender,
i am thankful for ur reply. can u explain in detail through step wise procedure which wil be useful for me.

Jaina Shah

Jaina Shah (Expert)
Follow

22 May 2008 The ans is a) Rs. 2833/-
Y's addnl commn can be calculated as
x(assume)=20%(70000-1400-x-60000)
x=20%(8600-x)
x=1720-x/5
6x/5=1720
x=1433
Therefore total commn =Rs.2833/-