a) Rs.24,000 b) Rs.21,600 c) Rs.20,000 d) Rs.16,200
the answer is 16,200. Can anyone tel me how the answer is 16,200 ???
ali (Student CA CPT ) (130 Points)
06 July 2014the answer is 16,200. Can anyone tel me how the answer is 16,200 ???
ali
(Student CA CPT )
(130 Points)
Replied 07 July 2014
thank u so much mam i did everything correct till 43200 what i did was jusy divided 43200 by 2 and got 21600 as answer
CA. Roopali Kadam
(Jobs on assignment basis.)
(1459 Points)
Replied 07 July 2014
This is what happens in exam, we read question quickly and miss some points. its not at all difficult but ...we miss at times
ali
(Student CA CPT )
(130 Points)
Replied 07 July 2014
. Yogam consigned cost of goods of Rs. 1,00,000 at an invoice price of 20% above cost. Consignee is entitled to 5% commission on sales up to Invoice price, 20% on sales which exceeds invoice price, 2% delcredre commission on credit sales. He sold 25% of goods for cash for Rs. 40,000 and 50% of goods on credit for Rs. 70,000, 10% of goods taken by consignee. Calculate commission?
a) Rs. 10,500 b) Rs.9900 c) Rs.10,200 d) None of these
mam the answer for this question is A (10,500) but i got as 10,700. can u tel me wer did i go wrong??
ali
(Student CA CPT )
(130 Points)
Replied 08 July 2014
mam onething im confused is tat When goods are taken by consignee for him then y are we providing commission (600 Rupees) to him ???
CA. Roopali Kadam
(Jobs on assignment basis.)
(1459 Points)
Replied 08 July 2014
consignee may sell it to others or even himself
consignor has already invoiced at cost + 20%
so consignee needs to sell at or above invoice price
in given case consignee took over at invoice price