Multiple choice

Mr. P of Pune sends out goods costing Rs. 5,00,000 to P of Punjab. 3/4th of the goods were sold by the consignee for Rs. 4,15,000. Commission at the rate of 3% on sales plus 20% of gross sales less all commission exceeds the cost price. What is the commission?

  1. Rs. 17042

  2. Rs. 11250

  3. Rs. 20450

  4. Rs. 18750

  5. None of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Let the total commission payable to consignee = Rs. X X = 415000*3% + 20% *(4,15,000 - 3,75,000 - X) X = Rs. 17,042 The correct option is (1).

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