Question

X of ajmer sent on 15th January 2017 a consignment of 500 baby bicycle costing Rs100 each to Y of muzaffarpur. Expenses of Rs 700 were met by the consignor. Y spent Rs 1500 for clearance and selling expenses were Rs 10 per bicycle. Y sold 300 bicycle @Rs 160 per bicycle and again 150 bicycle @ Rs 172. Y is entitled to commission of Rs 25 per bicycle sold. Y sent the amount due to X on 30 June 2017.​

Answer 1

Answer:

Correct option is

A

Rs. 2,833

Cost of goods sold =53×1,00,000=Rs.60,000

Selling Price of goods sold =Rs.70,000

Ordinary Commission =2% on Rs.70,000=Rs.1,400

Now, Let the extra commission be Rs.X

Therefore, According to Problem :

X=20%[(70,000−1,400−X)−60,000]

or, X=51×(8,600−X)

or, 5X=8,600−X

or, X=68,600=1,4233

Therefore, Total Commission =Rs.(1,400+1,433)=Rs.2,833