Question

A sent to B goods of the invoice price of Rs. 2,00,000 4/5th of these goods were sold by B for 1,76,000. Commission is to be paid at 2% upto invoice price and 10% on any surplus price realized. What is the amount of commission? (a) Rs. 4,800 (b) Rs. 3,640 (c) Rs. 2000 (d) Rs. 8,000

Answer 1

Answer:

4,800

Explanation:

invoice price 2,00,000

4/5th of invoice price is : 2,00,000 × 4/5= =1,60,000

he sold for 1,76,000

there for above the invoice price is : 1,76,000 - 1,60,000 = 16,000

commission is

1,60,000 × 2% = 3,200

16,000 × 10% = 1,600

total commission 4,800