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
Refer to this post
/forum/re-please-help-me-in-solving-one-consignment-problem--42451.asp
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
Abic and Mani Chartered Accountants
Kottayam
B.Com
View Details
Malhotra Rajesh & Associates
New Delhi
B.Com
View Details
CCI
Pro
CAclubindia
