Shard sent a consignment of 1500 cases toyes costing Rs 400 pre cases ...
Profit and Commission Calculation for Consignment Sale
Consignment Details:
- Quantity: 1500 cases
- Cost per case: Rs 400
- Total Cost: 1500 x 400 = Rs 6,00,000
Profit Calculation:
- Profit on sale: 20% of the sale price
- Sale price per case: Cost per case + Profit on sale = 400 + (20% of 400) = Rs 480
- Total Sale value: 1500 x 480 = Rs 7,20,000
- Profit earned: Sale value - Cost = 7,20,000 - 6,00,000 = Rs 1,20,000
Commission Calculation:
- Commission rate: 7.5% of the sale value
- Commission earned: 7.5% of 7,20,000 = Rs 54,000
Final Payment:
- Shard's payment: Cost + Commission = 6,00,000 + 54,000 = Rs 6,54,000
- Chintan's payment: Sale value - Commission = 7,20,000 - 54,000 = Rs 6,66,000
Therefore, Shard will receive Rs 6,54,000 and Chintan will pay Rs 6,66,000 for the consignment sale of 1500 cases of toys at a cost of Rs 400 per case with a profit of 20% on sale and a commission rate of 7.5%.
Shard sent a consignment of 1500 cases toyes costing Rs 400 pre cases ...
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