atul....... (0) (44 Points)
28 November 2011x of kolkata send out goods costing Rs 1,00,000 to Y of delhi .3/5th of the goods were sold by cosignee for Rs 70000.
comission 2% on sale plus 20%of gross sales less all commission exceeds cost price. the amount of comission will be
help me for solving this question....please
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 28 November 2011
Answer 3120 is it correct just check out
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 28 November 2011
Answer 3120 is it correct just check out
C.A. Sandeep Wawhal
(CA, PGDFM, BCom)
(1831 Points)
Replied 28 November 2011
Total Sale 70000/-
Comm @ 2% = 1400
Cost Price = 60000
Excess Amt = 10000
Less Comm 1400/- from 10000/- = 8600/-
20% on 8600/- = 1720/-
Total Comm. = 1400/-+1720/- = 3120/-
Amount 3120/- is correct, but wait for more replys
Yogesh Bhandari
(CA FINAL Student)
(429 Points)
Replied 28 November 2011
pankaj kumar
(studying )
(186 Points)
Replied 29 November 2011
Yogesh, it seems ur answer is correct........i didn't solve d Q so can't tell d ryt answer..............as per language used in d Q Yegesh answer my b correct.
Kashif
(Accountant-CA Finalist)
(105 Points)
Replied 29 November 2011
15400 Rs
2% of 70000 = 1400
+ 20% (Gross sales - all commissions exceeds cost price)
i.e. 20% (70000-0) (Because no commission exceeds cost price)
1400+14000=15400
Yogesh Bhandari
(CA FINAL Student)
(429 Points)
Replied 29 November 2011
kashif boss,, if he pays 15400/- as commission and 60000/- worth of goods,, and sell it of Rs. 70000/- then u think CA institute teach thru this quiz that how to calculate commission... which result in loss.
pankaj kumar
(studying )
(186 Points)
Replied 29 November 2011
commision wuld b Rs. 2,888.33. So, Yogesh is correct..................... dis Q needs just to understand d language....not cramming
CAclubindia
