Chartered Accountant
1139 Points
Joined August 2013
GIVEN:C.P=80000,PROFIT=20% OF I.P OR 25% OF C.P,
FROM ABOVE RELATION OF PROFIT ON C.P.We get the I.P f the goods as:I.P.=125%*80000=100000
Now,I.P of the goods received by Y(CONSIGNEE)=60%*100000=60000.
Goods sold by consignee=(60%*60000)/2 + {(60%*60000)/2}*125%
=18000 + 22500=40500
Commission=10%*18000 + 50%*(40500-36000)
=1800 + 2250=4050