Question

X of Calcutta on 15th January sent to Y of Bombay a consignment of 250 televisions
costing Rs 10,000 each. Expenses of Rs 7,000 were met by the consignor. Y of Bombay
spent Rs 4,500 for clearance on 30th January and the selling expenses were Rs soup
television as and when the sale made by I.
Y sold, on 4th March, 150 televisions @ Rs 14,000 per television and again on 10m
April, 75 televisions @ Rs 14,400.
Mr Ywas entitled to a commission of Rs 500 per television sold plus one-fourth of the
amount by which the gross sale proceeds less total commission there on exceeded a sum
calculated at the rate of Rs 12,500 per television sold. Y sent the account sale and the amour
due to X on 30th April by bank demand draft.
You are required to show the Consignment Account and Y's account in the books of X. ​

Answer 1

Answer: i feel the only doubt from question will be of commission so heres the solution...

Total Commission = ` 1,63,500

Explanation:

let Total Commission be x

x = 225x500 + 1/4[(21,00,000 + 10,80,000 – x – (12,500 x 225)]

x = 1,12,500 + 1/4[31,80,000 – x – 28,12,500]

x = 1,12,500 + 91,875 - x/4

x+x/4 =112500 + 91875

5x/4=204375

Total Commission x = ` 1,63,500