solve this question and tell how u got the answer
This query is : Resolved
23 September 2010
X sends goods costing Rs. 200000 to Y . 3/5th of the goods were soldby consigneefor Rs 140000. Commission 2%on sales plus 20% of gross sales less all commission exceeds cost price. The amount of commission will be how much ?
24 September 2010
Hi Naveen, the answer is :
let the total commission be X
Now, X = 1,40,000 x 2% + 20%{(1,40,000-X)-2,00,000x3/5}
X = 2,800 + 20%(1,40,000-X-1,20,000)
X = 2,800 + 20%(20,000-X)
X = 2,800 +4,000-.20X
X+.20X = 6,800
1.2X = 6,800
X = 6,800/1.2
X = 5,667
If u hv any further doubt, revert back to me.
Regards, CA Shakuntala Chhangani
let the total commission be X
Now, X = 1,40,000 x 2% + 20%{(1,40,000-X)-2,00,000x3/5}
X = 2,800 + 20%(1,40,000-X-1,20,000)
X = 2,800 + 20%(20,000-X)
X = 2,800 +4,000-.20X
X+.20X = 6,800
1.2X = 6,800
X = 6,800/1.2
X = 5,667
If u hv any further doubt, revert back to me.
Regards, CA Shakuntala Chhangani
24 September 2010
thank q u mam
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- TDS on Purchase of Immovable Property by NRI from NRI
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- Annual return in Gst
- When TDS on GST applied
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
