Question

• Calculate commission
5% On sold out goods,
Goods purchased
RS.50,00,000 , Goods
supplies by another venture
RS. 3,50,000 , Unsold goods
RS. 2,00,000​

Answer 1

Answer:

given

explanatiin:-

Cost of goods purchased by A = Rs. 2,00,000

Cost of goods purchased by A = Rs. 2,00,000Sale value of goods sold by B = Rs. 2,50,000

Cost of goods purchased by A = Rs. 2,00,000Sale value of goods sold by B = Rs. 2,50,000Profit on sale = Sale value - Cost price = Rs. 2,50,000 - Rs. 2,00,000 = Rs. 50,000

Cost of goods purchased by A = Rs. 2,00,000Sale value of goods sold by B = Rs. 2,50,000Profit on sale = Sale value - Cost price = Rs. 2,50,000 - Rs. 2,00,000 = Rs. 50,000Commission to A = 1% on purchase = Rs. 2,00,000 x 1% = Rs. 2,000

Cost of goods purchased by A = Rs. 2,00,000Sale value of goods sold by B = Rs. 2,50,000Profit on sale = Sale value - Cost price = Rs. 2,50,000 - Rs. 2,00,000 = Rs. 50,000Commission to A = 1% on purchase = Rs. 2,00,000 x 1% = Rs. 2,000Commison to B = 5% on sale = Rs. 2,50,000 x 5% = Rs. 12,500

Cost of goods purchased by A = Rs. 2,00,000Sale value of goods sold by B = Rs. 2,50,000Profit on sale = Sale value - Cost price = Rs. 2,50,000 - Rs. 2,00,000 = Rs. 50,000Commission to A = 1% on purchase = Rs. 2,00,000 x 1% = Rs. 2,000Commison to B = 5% on sale = Rs. 2,50,000 x 5% = Rs. 12,500Total commission payable = Rs. 2,000 + Rs. 12,500 = Rs. 14,500

Cost of goods purchased by A = Rs. 2,00,000Sale value of goods sold by B = Rs. 2,50,000Profit on sale = Sale value - Cost price = Rs. 2,50,000 - Rs. 2,00,000 = Rs. 50,000Commission to A = 1% on purchase = Rs. 2,00,000 x 1% = Rs. 2,000Commison to B = 5% on sale = Rs. 2,50,000 x 5% = Rs. 12,500Total commission payable = Rs. 2,000 + Rs. 12,500 = Rs. 14,500Thus, Profit on venture = Total profit - Total commission payable = Rs. 50,000 - Rs 15,500 = Rs. 35,500.