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Consignment Accounts-cpt.

This query is : Resolved 

07 May 2010 plz solve this problem with clear steps:
"A"of Mumbai sold goods to "B" of delhi,the goods are to be sold at 125% of cost which is invoice price.commission 10% on sales at IP and 24% of any surplus realised above IP.10% of goods sent out on consignment,invoice value of which is Rs.12,500 were destroyed.75% of the total consignment is sold by B at 1,00,000.What will be the amount of commission payable to B?

18 May 2010 Total Invoice price = 12500/10*100 = 1,25,000
sales (75% of 125000) = 93,750
Com. 1. 10% of 93750= 9,375
2. 25% (1,00,000-93750) 1,500
Total Com. 10,875

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