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Consignee is entitled to get commission 25% per article sold plus 1/4 of the amount by which gross sale proceeds less his total commission there on exceeds a sum at the rate of Rs. 125 per article sold. he sold 450 article at Rs.73800. commission will be?
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Consignee is entitled to get commission 25% per article sold plus 1/4 ...
Problem: Calculate the commission of the consignee who sold 450 articles at Rs.73800 and entitled to get 25% commission per article sold plus 1/4 of the amount by which gross sale proceeds less his total commission there on exceeds a sum at the rate of Rs. 125 per article sold.

Solution:
To calculate the commission of the consignee, we need to follow the steps given below:

Step 1: Calculate the total amount received by the consignee by selling 450 articles
Total amount received = 450 x Rs. 73800 = Rs. 33210000

Step 2: Calculate the total commission earned by the consignee on selling 450 articles
Commission per article sold = 25% of the selling price = 25/100 x Rs. 73800 = Rs. 18450
Total commission earned on selling 450 articles = 450 x Rs. 18450 = Rs. 8302500

Step 3: Calculate the sum at the rate of Rs. 125 per article sold
Sum at the rate of Rs. 125 per article sold = 450 x Rs. 125 = Rs. 56250

Step 4: Calculate the amount by which gross sale proceeds less the total commission exceeds the sum calculated in step 3
Amount by which gross sale proceeds less the total commission exceeds the sum = Rs. (33210000 - 8302500 - 56250) = Rs. 24824350

Step 5: Calculate the commission earned by the consignee on the amount calculated in step 4
Commission earned on the amount calculated in step 4 = 1/4 x 24824350 = Rs. 6206087.5

Step 6: Calculate the total commission earned by the consignee
Total commission earned by the consignee = Commission earned on selling 450 articles + Commission earned on the amount calculated in step 4
= Rs. (8302500 + 6206087.5) = Rs. 14558587.5

Therefore, the commission earned by the consignee is Rs. 14558587.5.
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Consignee is entitled to get commission 25% per article sold plus 1/4 of the amount by which gross sale proceeds less his total commission there on exceeds a sum at the rate of Rs. 125 per article sold. he sold 450 article at Rs.73800. commission will be?
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Consignee is entitled to get commission 25% per article sold plus 1/4 of the amount by which gross sale proceeds less his total commission there on exceeds a sum at the rate of Rs. 125 per article sold. he sold 450 article at Rs.73800. commission will be? 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 Consignee is entitled to get commission 25% per article sold plus 1/4 of the amount by which gross sale proceeds less his total commission there on exceeds a sum at the rate of Rs. 125 per article sold. he sold 450 article at Rs.73800. commission will be? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consignee is entitled to get commission 25% per article sold plus 1/4 of the amount by which gross sale proceeds less his total commission there on exceeds a sum at the rate of Rs. 125 per article sold. he sold 450 article at Rs.73800. commission will be?.
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