Question

Lal Bhai of Kolkata sends out goods costing Rs. 1,50,000 to Yamini of Delhi.
Simple commission payable is 2% on sales and 3% on sales as del-credere
commission. The entire stock is sold by the consignee for Rs. 2,00,000.
However, the consignee is able to recover only Rs. 1,95,000 from the
debtors. The amount of profit to be transferred to P/L as net commission
by the consignee will be

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Answer 1

Answer:

Commission agreement – 2% on sales + 3% on sales as del-credere commission. The entire goods is sold by consignee for Rs 4 lacs.