Ca cpt june 2014 question

Mahmooda Zain (student) (48 Points)

11 May 2015  

 Yogam consigned cost of goods of Rs. 1,00,000 at an invoice price of 20% above cost. Consignee is entitled to 5% commission on sales up to Invoice price, 20% on sales which exceeds invoice price, 2% delcredre commission on credit sales. He sold 25% of goods for cash for Rs. 40,000 and 50% of goods on credit for Rs. 70,000, 10% of goods taken by consignee. Calculate commission?

a)  Rs. 10,500    b) Rs.9900   c)  Rs.10,200    d) none

 

Can someone please solve this out ? FYI..in the Question paper solution..the answer is a)10500 ..but in the CA CPT scanner its given as d) 'none of these'

Please give me a detailed explanation :) Thankyou! angel