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CA CPT Accounting Fundamentals

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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
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