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CA CPT Accounting Fundamentals
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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?
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A
Rs. 17042
💡 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).