Question

Goods costing Rs. 12,60,000 sent out to consignee. Out of it, 2/3 goods were sold by consignee at invoice price. The invoice price
determines at cost plus 20 percent on invoice price. The amount of consignee's commission at 4% will be
(a) Rs. 63,000
(b) Rs. 42,000
(c) Rs. 40,320
(d) Rs. 60,480​

Answer 1

Answer:

42000

Explanation:

let the invoice price or sale price be X

we know that,

invoice price=cost + profit

X=1260000 + 20% OF X

X = 1260000 + 0.2X

X-0.2X = 1260000

0.8X = 1260000

X = 1575000

SALES = 1575000 * 2/3

           = 1050000

COMMISSION = 1050000 * 4%

                       = 42000

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