Q/- X sent out goods costing Rs80,000 to Y so as to show 20% profit on invoice price. 40% goods were lost in transit, 60% of goods received by consignee was sold at 25% above Invoice price.Rate of commission is 10% on sales at invoice price Plus 50% of surplus over invoice price .the amount of commission will be
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i tink it should b 8100
cost-80000, 20% on invoice means 25% on cost so 80000*125%=100000
40% lost in transit so remaining 60% so 100000*60%=60000
60% of dis sold 60000*60%=36000
on dis 10% 36000*10%=3600
now dis goods of invoice price 36000 were sold at 25% over invoice price so
selling price 36000*125%=45000
45000-36000=9000
9000*50%=4500
3600+4500=8100!!!
CAclubindia
