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Mr. Deepak from Kolkata consigned goods worth Rs. 450000 to Mr. Alok. Mr. Alok had made cash sales Rs. 400000 and credit sales Rs. 200000. Mr. Suresh, a customer had purchased goods on credit basis, defaulted payment of Rs. 9000. Mr. Alok is eligible for a commission of 5% and also a del credere commission of 2%. Compute the amount of commission payable to Mr. Alok.?
Most Upvoted Answer
Mr. Deepak from Kolkata consigned goods worth Rs. 450000 to Mr. Alok. ...
The answer will be 34,000.
there are two commissions in the question:
1.normal commission(always calculated on total sales)
= 5% of (4,00,000+2,00,000) = 30,000
2.del-creder(always calculated on credit sales)
= 2% of 2,00,000 = 4,000
so total commission = 30,000+4,000 = 34,000Rs
there are two commissions in the question:
1.normal commission(always calculated on total sales)
= 5% of (4,00,000+2,00,000) = 30,000
2.del-creder(always calculated on credit sales)
= 2% of 2,00,000 = 4,000
so total commission = 30,000+4,000 = 34,000Rs
Community Answer
Mr. Deepak from Kolkata consigned goods worth Rs. 450000 to Mr. Alok. ...
Commission Calculation for Mr. Alok
To determine the total commission payable to Mr. Alok, we need to calculate both the standard commission and the del credere commission separately.
1. Standard Commission
- Standard commission is calculated based on total sales.
- Total sales made by Mr. Alok = Cash Sales + Credit Sales
- Cash Sales = Rs. 400,000
- Credit Sales = Rs. 200,000
- Total Sales = Rs. 400,000 + Rs. 200,000 = Rs. 600,000
- Standard commission rate = 5%
Calculation:
- Standard Commission = Total Sales × Commission Rate
- Standard Commission = Rs. 600,000 × 5% = Rs. 30,000
2. Del Credere Commission
- Del credere commission is applicable on credit sales, factoring in any defaults.
- Total credit sales = Rs. 200,000
- Default amount by Mr. Suresh = Rs. 9,000
- Adjusted credit sales = Total Credit Sales - Default Amount
- Adjusted Credit Sales = Rs. 200,000 - Rs. 9,000 = Rs. 191,000
- Del credere commission rate = 2%
Calculation:
- Del Credere Commission = Adjusted Credit Sales × Del Credere Rate
- Del Credere Commission = Rs. 191,000 × 2% = Rs. 3,820
3. Total Commission Payable
- Total Commission = Standard Commission + Del Credere Commission
- Total Commission = Rs. 30,000 + Rs. 3,820 = Rs. 33,820
Thus, the total commission payable to Mr. Alok is Rs. 33,820.
To determine the total commission payable to Mr. Alok, we need to calculate both the standard commission and the del credere commission separately.
1. Standard Commission
- Standard commission is calculated based on total sales.
- Total sales made by Mr. Alok = Cash Sales + Credit Sales
- Cash Sales = Rs. 400,000
- Credit Sales = Rs. 200,000
- Total Sales = Rs. 400,000 + Rs. 200,000 = Rs. 600,000
- Standard commission rate = 5%
Calculation:
- Standard Commission = Total Sales × Commission Rate
- Standard Commission = Rs. 600,000 × 5% = Rs. 30,000
2. Del Credere Commission
- Del credere commission is applicable on credit sales, factoring in any defaults.
- Total credit sales = Rs. 200,000
- Default amount by Mr. Suresh = Rs. 9,000
- Adjusted credit sales = Total Credit Sales - Default Amount
- Adjusted Credit Sales = Rs. 200,000 - Rs. 9,000 = Rs. 191,000
- Del credere commission rate = 2%
Calculation:
- Del Credere Commission = Adjusted Credit Sales × Del Credere Rate
- Del Credere Commission = Rs. 191,000 × 2% = Rs. 3,820
3. Total Commission Payable
- Total Commission = Standard Commission + Del Credere Commission
- Total Commission = Rs. 30,000 + Rs. 3,820 = Rs. 33,820
Thus, the total commission payable to Mr. Alok is Rs. 33,820.
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Mr. Deepak from Kolkata consigned goods worth Rs. 450000 to Mr. Alok. Mr. Alok had made cash sales Rs. 400000 and credit sales Rs. 200000. Mr. Suresh, a customer had purchased goods on credit basis, defaulted payment of Rs. 9000. Mr. Alok is eligible for a commission of 5% and also a del credere commission of 2%. Compute the amount of commission payable to Mr. Alok.?
Question Description
Mr. Deepak from Kolkata consigned goods worth Rs. 450000 to Mr. Alok. Mr. Alok had made cash sales Rs. 400000 and credit sales Rs. 200000. Mr. Suresh, a customer had purchased goods on credit basis, defaulted payment of Rs. 9000. Mr. Alok is eligible for a commission of 5% and also a del credere commission of 2%. Compute the amount of commission payable to Mr. Alok.? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Mr. Deepak from Kolkata consigned goods worth Rs. 450000 to Mr. Alok. Mr. Alok had made cash sales Rs. 400000 and credit sales Rs. 200000. Mr. Suresh, a customer had purchased goods on credit basis, defaulted payment of Rs. 9000. Mr. Alok is eligible for a commission of 5% and also a del credere commission of 2%. Compute the amount of commission payable to Mr. Alok.? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mr. Deepak from Kolkata consigned goods worth Rs. 450000 to Mr. Alok. Mr. Alok had made cash sales Rs. 400000 and credit sales Rs. 200000. Mr. Suresh, a customer had purchased goods on credit basis, defaulted payment of Rs. 9000. Mr. Alok is eligible for a commission of 5% and also a del credere commission of 2%. Compute the amount of commission payable to Mr. Alok.?.
Mr. Deepak from Kolkata consigned goods worth Rs. 450000 to Mr. Alok. Mr. Alok had made cash sales Rs. 400000 and credit sales Rs. 200000. Mr. Suresh, a customer had purchased goods on credit basis, defaulted payment of Rs. 9000. Mr. Alok is eligible for a commission of 5% and also a del credere commission of 2%. Compute the amount of commission payable to Mr. Alok.? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Mr. Deepak from Kolkata consigned goods worth Rs. 450000 to Mr. Alok. Mr. Alok had made cash sales Rs. 400000 and credit sales Rs. 200000. Mr. Suresh, a customer had purchased goods on credit basis, defaulted payment of Rs. 9000. Mr. Alok is eligible for a commission of 5% and also a del credere commission of 2%. Compute the amount of commission payable to Mr. Alok.? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mr. Deepak from Kolkata consigned goods worth Rs. 450000 to Mr. Alok. Mr. Alok had made cash sales Rs. 400000 and credit sales Rs. 200000. Mr. Suresh, a customer had purchased goods on credit basis, defaulted payment of Rs. 9000. Mr. Alok is eligible for a commission of 5% and also a del credere commission of 2%. Compute the amount of commission payable to Mr. Alok.?.
Solutions for Mr. Deepak from Kolkata consigned goods worth Rs. 450000 to Mr. Alok. Mr. Alok had made cash sales Rs. 400000 and credit sales Rs. 200000. Mr. Suresh, a customer had purchased goods on credit basis, defaulted payment of Rs. 9000. Mr. Alok is eligible for a commission of 5% and also a del credere commission of 2%. Compute the amount of commission payable to Mr. Alok.? in English & in Hindi are available as part of our courses for CA Foundation.
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Mr. Deepak from Kolkata consigned goods worth Rs. 450000 to Mr. Alok. Mr. Alok had made cash sales Rs. 400000 and credit sales Rs. 200000. Mr. Suresh, a customer had purchased goods on credit basis, defaulted payment of Rs. 9000. Mr. Alok is eligible for a commission of 5% and also a del credere commission of 2%. Compute the amount of commission payable to Mr. Alok.?, a detailed solution for Mr. Deepak from Kolkata consigned goods worth Rs. 450000 to Mr. Alok. Mr. Alok had made cash sales Rs. 400000 and credit sales Rs. 200000. Mr. Suresh, a customer had purchased goods on credit basis, defaulted payment of Rs. 9000. Mr. Alok is eligible for a commission of 5% and also a del credere commission of 2%. Compute the amount of commission payable to Mr. Alok.? has been provided alongside types of Mr. Deepak from Kolkata consigned goods worth Rs. 450000 to Mr. Alok. Mr. Alok had made cash sales Rs. 400000 and credit sales Rs. 200000. Mr. Suresh, a customer had purchased goods on credit basis, defaulted payment of Rs. 9000. Mr. Alok is eligible for a commission of 5% and also a del credere commission of 2%. Compute the amount of commission payable to Mr. Alok.? theory, EduRev gives you an
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