Question

Abhay sends goods on consignment to Rajendra. The terms are that Rajendra will receive 10% commission on the invoice price (which is cost plus 25%) and 20% of any price realised above the invoice price. Abhay sends goods whose cost is 20,000. Rajendra sold 3/4 of the goods for 30,000. Ascertain the commission payable to Rajendra. ​

Answer 1

Answer:

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Explanation:

Invoice value of goods sold = Invoice price of total stock × 54                                                       = 2,00,000 × 54                                                       = 1,60,000Surplus above invoice value = Total value of goods sold − Invoice price of goods sold                                                = 1,76,000 − 1,60,000                                                = 16,000Commission upto invoice price @2% = Invoice price of goods sold × 1002                                                               = 1,60,000 × 1002                                                               = 3,200Commission on surplus amount = Surplus × 10010                                                       = 16,000 × 10010                                                       = 1,600Therefore, Total Commission = Commission upto invoice value + Commission on surplus amount                               = 3,200+1,600              …

Answer 2

Answer:

above is the ans for the question given above