x of kolkata send out goods costing Rs 1,00,000 to Y of delhi .3/5th of the goods were sold by cosignee for Rs 70000.
comission 2% on sale plus 20%of gross sales less all commission exceeds cost price. the amount of comission will be
help me for solving this question....please
Answer 3120 is it correct just check out
Answer 3120 is it correct just check out
Total Sale 70000/-
Comm @ 2% = 1400
Cost Price = 60000
Excess Amt = 10000
Less Comm 1400/- from 10000/- = 8600/-
20% on 8600/- = 1720/-
Total Comm. = 1400/-+1720/- = 3120/-
Amount 3120/- is correct, but wait for more replys
3120 correct
Yogesh, it seems ur answer is correct........i didn't solve d Q so can't tell d ryt answer..............as per language used in d Q Yegesh answer my b correct.
agree with Yogesh Bro.....
15400 Rs
2% of 70000 = 1400
+ 20% (Gross sales - all commissions exceeds cost price)
i.e. 20% (70000-0) (Because no commission exceeds cost price)
1400+14000=15400
kashif boss,, if he pays 15400/- as commission and 60000/- worth of goods,, and sell it of Rs. 70000/- then u think CA institute teach thru this quiz that how to calculate commission... which result in loss.
commision wuld b Rs. 2,888.33. So, Yogesh is correct..................... dis Q needs just to understand d language....not cramming
CAclubindia
