solution
This query is : Resolved
Ashish deoli ipcc
(Querist)
12 May 2010
X of delhi consigned goods costing Rs 100000 to Y of mumbai.3/5 of goods were sold by consignee for Rs 70000.
commission 2% on sales plus 20% of gross sales less all commission exceeds cost price. what is the amount of total commission??
with solution if possible..
commission 2% on sales plus 20% of gross sales less all commission exceeds cost price. what is the amount of total commission??
with solution if possible..
CMA Ramesh Krishnan
(Expert)
12 May 2010
In my understanding
2% On sales = Rs.1400
Add: Gross sales =70000
less: Cost 1/3 =60000
Balance =10000
less: 2 % Comm = 1400
Balance = 8600
So 8600/120*20 = Rs.1433
Total commission = Rs.2833
2% On sales = Rs.1400
Add: Gross sales =70000
less: Cost 1/3 =60000
Balance =10000
less: 2 % Comm = 1400
Balance = 8600
So 8600/120*20 = Rs.1433
Total commission = Rs.2833
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