accounts pl help

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pl help, thanks in advance

model test paper 4, vol 2, question 57 - A of Mumbai sends goods to B of Delhi , the goods are to be sold at 125% of cost which is invoice price or above. B was entitled to the commission of 10% on sales plus 25% on any surplus realised above invoice price. 10% of the goods sent out on consignment  (invoice value of which is Rs.12,500.00) were destroyed. 75% of the total consignment is sold by B at Rs.100,000.00. The amont of commission payable will be - Ans- Rs.11562.50--How ??

Replies (3)
Invoice Value of10% goods is 12500 so total invoice value of goods sent was rs. 125000 i.e. Cost of goods sent to B= rs. 100000, 75% of goods sold i.e. Cost of goods sold= rs. 75000. . . . . . . 25% of 75000=18250 So normal sale price=75000+18250=93250 but sold by for rs. 100000 i.e. Excess over invoice=6250. . . . . . . . . . . . . . Now commission= 10%of 100000 + 25% of 6250=10000+1562.50= 11562.50. . . . . . . . . . . . . . . . . . . . . . . . Thanks

invoice price of total consigenemnt is 12500*100/10=125000

Invoice price of 75% consignment will be 125000*75/100=93750

Selling price of 75% consigenment is 100000 and surplus which is over invoice price is  100000-93750=6250

Hence the commission will be 100000*10%+6250*25%=11562.50

yes commission will be 11562,5

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