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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
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