Kindly help me to solve this problem
x of kolkata sends out goods costing 100000 to y of mumbai at cost plus 25% consignor's expenses rs 2000 3/5th of goods sold were sold by the consignee at 85000 comission 2% on sales + 20% of gross sales less all comissions exceeds invoice value. amount of comission will be
3083
2000
2500
3000
COST OF GOODS =A=1,00,000
INVOICE VALUE OF A= 125000
INVOICE VALUE OF 3/5th GOODS SOLD=125000*3/5=75000
LET TOTAL COMMISSION BE X,
X= 2% OF Rs.85,000+ 20% OF (85,000-X-75000)
SOLVING, X=3083.00
Aggarwal Sarawagi and Co
New Delhi
CA
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CMNITY HIRE
New Delhi
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