Cpt i need help in this question

1293 views 4 replies
X sent out goods costing Rs.80000 to Y as to show 20% profit on invoice price. 40% goods were lost in transit. 60% of goods received were sold half at invoice price and the balance at 25% above invoice price. Rate of commission is 10% on sales at invoice price plus 50% of gross sales less all commission exceeds the invoice price. the amount of commission would be: A. Rs.3600 B. Rs.3900 C. Rs.8100 D.None
Replies (4)

GIVEN:C.P=80000,PROFIT=20% OF I.P OR 25% OF C.P,

FROM ABOVE RELATION OF PROFIT ON C.P.We get the I.P f the goods as:I.P.=125%*80000=100000

Now,I.P of the goods received by Y(CONSIGNEE)=60%*100000=60000.

Goods sold by consignee=(60%*60000)/2 + {(60%*60000)/2}*125%

                                    =18000 + 22500=40500

Commission=10%*18000 + 50%*(40500-36000)

                  =1800 + 2250=4050

But the answer is given as Rs3900
Originally posted by : alfiya
But the answer is given as Rs3900

But I don't find any error in the solution....indecision

Goods received by consignee at invoice price (60% of Rs.100000) = Rs.60000

Sales = (60000 x 60%)/2 + (60000 x40%) x 1.25 = Rs.18000 + Rs.30000

Let total commission be X

X = (24000 x 10%) + 1/2 [(30000 - x) - 24000

X = 2400 + 1/2 (6000 - X)

1.5 X = 5400

X = 5400/1.5 = Rs.3600

Total Commission = Rs.3600


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details