Consingment

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 November 2010 Dear Sir/Madam

R%ajesh of Ramnagar sends out goods costing Rs.2,00,000 to Gopal of Gujarat 3/5th of the goods were sold by consignee for Rs. 1,50,000. Commission 2% on sales plus 10% of gross sales less all commission exceeds cost price. The amount of commission will be

Ans: Rs.5,454.54

Please tell how to calculate?

CA Sanat Pyne

CA Sanat Pyne (Expert)
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29 November 2010 2% on 150000=3000
let special commission = b
b=(150000-120000-3000-b) X 10%
=2454.54
So total commission=5454.54

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