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?
CAclubindia
