accounts plz help

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ca
277 Points Joined August 2009
Mr raja consigned goods costing 2,00,000 to mr rana at 20% profit on invoice price.Mr rana was entitled to 3% ordinary commission plus 10% of the amount which exceede nvoice price less all commission.account saleas revealed that Mr rana sold 3/4th of the goods at 2,25,000. his expenses wee rent 2000 octroi 5000.commission due to rana is
Ans 11667 plz explain
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On 13 June 2011 at 13:26 Report
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Chartered Accountant
44 Points Joined December 2009

Invoce Price=200000*25%=250000 (1/5 on invoce price so 1/4 on cost)

Ordinary Commission=250000*3%=7500...............................(a)

Other commission is on= Actual Sale Price -invoice price -ordinary commission-octroi

                                            300000(225000/.75)-250000=50000-7500-5000(octroi)=37500

so extra commission is 10%  therefore 37500 is 90% then what is 10%=37500*90/10=4167..............(b)

7500+4167=11667

                                                                                                                
 

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On 13 June 2011 at 18:31
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CA IN PRACTICE
16719 Points Joined May 2011

good reply by HEMANSHU                         

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On 13 June 2011 at 19:02


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