Question

X of Kolkata sends out goods costing Rs. 1,00,000 to Y of Delhi 3/5th of the goods were sold by consignee for Rs. 70,000. Commission 2% on sales plus 20% of gross sales less all commission exceeds cost price. The amount of Commission will be: a) Rs. 2,833 b) Rs. 2,900 c) Rs. 3,000 d) Rs. 2,800 ​

Answer 1

Answer:

Explanation:

Cost of goods sold = 3/5 * 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 = 1/5 * (8,600 - X)

or, 5X = 8,600 - X

or, X = 8,600/6 = 1,433

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