Please reply with complete solution
X sends goods costing Rs. 200000 to Y. 3/5th of the goods were sold by consignee for 140000. commission 2% on sales plus 20% of gross sales less all commission exceeds cost price. calculate amount of commission.
vishakha sharma (Article) (59 Points)
20 May 2013Please reply with complete solution
X sends goods costing Rs. 200000 to Y. 3/5th of the goods were sold by consignee for 140000. commission 2% on sales plus 20% of gross sales less all commission exceeds cost price. calculate amount of commission.
CA Shweta Purswani
(Practicing Chartered Accountant )
(417 Points)
Replied 20 May 2013
commision of 2% = 140000*20%
=7000rs
commission of 20%
let assume commision is x
so,
x= 0.2{140000-(120000-7000-x}
so x will be 4500
here 120000 is d cost ie 200000*3/5=120000
so totalcommission=7000+4500
=11500rs
vishakha sharma
(Article)
(59 Points)
Replied 20 May 2013
Thanks shweta for your reply bt this is not the right answer.
vishakha sharma
(Article)
(59 Points)
Replied 20 May 2013
i am giving the options- a. 5667 b. 5800 c. 6000 d. 5600
CA Shweta Purswani
(Practicing Chartered Accountant )
(417 Points)
Replied 20 May 2013
vishakha sharma
(Article)
(59 Points)
Replied 20 May 2013
Yaar answer to 5667 hai bt aaya kaiase ye mujhe bi nahin pata 
CA Shweta Purswani
(Practicing Chartered Accountant )
(417 Points)
Replied 20 May 2013
sory slight mistake in caln
i m editing in above
CA Shweta Purswani
(Practicing Chartered Accountant )
(417 Points)
Replied 20 May 2013
commision of 2% = 140000*2%
=2800rs
commission of 20% let assume commision is x so,
x= 0.2{140000-120000-2800-x}
so x will be 2866 ]
here 120000 is d cost ie 200000*3/5=120000
so totalcommission=2800+2867
=5667rs
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