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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..
12 May 2010
= 70000*2%+20%*(70000-**)
pls make your statement clear "20% of gross sales less all commission exceeds cost price."
what does it mean
pls make your statement clear "20% of gross sales less all commission exceeds cost price."
what does it mean
12 May 2010
sir, even i am confused with the same question..
the same question has been asked in cpt sample papers.
the same question has been asked in cpt sample papers.
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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