CPT accounts query

CPT 1283 views 10 replies

 Hello,

            Can anyone please explain the meaning of the line below:

 

"Commission 2% on sales plus 20% of gross sales less all commission exceeds cost price"

 

If cost price is 60,000 and selling 70,000. How to calculate commission??

 

THANKS IN ADVANCE

Replies (10)
Originally posted by :Satvir Singh Litt
"  Hello,
            Can anyone please explain the meaning of the line below:
 
"Commission 2% on sales plus 20% of gross sales less all commission exceeds cost price"
 
If cost price is 60,000 and selling 70,000. How to calculate commission??
 
THANKS IN ADVANCE
"


 

see brother here

ordinary commision that is 2% on sale is to be provided  2% on 70000 i.e 1400

and a additional commision on the surplus (gross sales - cost price ) i.e 20% on 10000 ie 2000

total commission 3400

correct me if i am wrong

 

 sorry bro, i m afraid, u r wrong.

 

I also tried to calculate with same method, but the correct answer as per book is 2833

bro it's very simple question :)

first of all calculate commission on sale that is 70000 on 2% that is 1400 and then

deduct 70000-60000=10000

deduct 10000-1400=8600  gross sales less all commission exceeds cost price

and then 8600 on 20% on cost price then what will be on selling price that is 8600*1/6 =1433.33

then add both commission 1433.33+1400=2833answer

Dear read full question and answer by this /forum/messages/2009/8/42451_please_help_me_in_solving_one_consignment_problem_.asp?quote=216913&

 

 thanks everyone

hey can anyone tell me dat how i remember d data of economics?is it necessary to remember al d years data?

shreya u have to learn it..some of the question in cpt are based on data..

n u dnt need to learn data of all the years bt of some year which are cosidered important in economics..

 

like if u r learning the data of contribution of diffrent sectors in indian economy then learn the years in which the sectors have highest and lowest contribution

or the year in which any sector grows at a rapid rate n it have historic contribution

thanx

can anyone tell me dat how i prepare for maths as i m non maths student?

strt frm chapters which u find easy n den move towards little tuff once..

try to complete n understand the questions in sample papers as they cover evry variety of questions which are probabily asked in xam


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