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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 thereon exceeds a sum at the rate of Rs. 125 per article sold. he sold 450 articles at Rs.73800. commission will be?
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Consignee is entitled to get commission 25% per article. sold plus 1/4...
Calculation of Consignee's Commission:
Given Details:
- Consignee's commission rate per article sold: 25%
- Consignee's additional commission rate: 1/4 of the amount by which gross sale proceeds less total commission exceed Rs. 125 per article sold
- Number of articles sold: 450
- Total sale proceeds: Rs. 73,800
Step 1: Calculate the total amount received by the consignee from the sale of 450 articles.
- Total amount received = Number of articles sold * Price per article
- Total amount received = 450 * Rs. 73800/450
- Total amount received = Rs. 73,800
Step 2: Calculate the commission on the sale of 450 articles.
- Commission on the sale of 450 articles = Total amount received * Commission rate per article sold
- Commission on the sale of 450 articles = Rs. 73,800 * 25%
- Commission on the sale of 450 articles = Rs. 18,450
Step 3: Calculate the amount by which gross sale proceeds less total commission exceed Rs. 125 per article sold.
- Amount by which gross sale proceeds less total commission exceed Rs. 125 per article sold = (Total amount received - Commission on the sale of 450 articles) - (Number of articles sold * Rs. 125 per article sold)
- Amount by which gross sale proceeds less total commission exceed Rs. 125 per article sold = (Rs. 73,800 - Rs. 18,450) - (450 * Rs. 125)
- Amount by which gross sale proceeds less total commission exceed Rs. 125 per article sold = Rs. 10,800
Step 4: Calculate the additional commission on the sale of 450 articles.
- Additional commission on the sale of 450 articles = Amount by which gross sale proceeds less total commission exceed Rs. 125 per article sold * Additional commission rate
- Additional commission on the sale of 450 articles = Rs. 10,800 * 1/4
- Additional commission on the sale of 450 articles = Rs. 2,700
Total Commission:
- Total commission on the sale of 450 articles = Commission on the sale of 450 articles + Additional commission on the sale of 450 articles
- Total commission on the sale of 450 articles = Rs. 18,450 + Rs. 2,700
- Total commission on the sale of 450 articles = Rs. 21,150
Therefore, the consignee's commission on the sale of 450 articles at Rs. 73,800 is Rs. 21,150.
Given Details:
- Consignee's commission rate per article sold: 25%
- Consignee's additional commission rate: 1/4 of the amount by which gross sale proceeds less total commission exceed Rs. 125 per article sold
- Number of articles sold: 450
- Total sale proceeds: Rs. 73,800
Step 1: Calculate the total amount received by the consignee from the sale of 450 articles.
- Total amount received = Number of articles sold * Price per article
- Total amount received = 450 * Rs. 73800/450
- Total amount received = Rs. 73,800
Step 2: Calculate the commission on the sale of 450 articles.
- Commission on the sale of 450 articles = Total amount received * Commission rate per article sold
- Commission on the sale of 450 articles = Rs. 73,800 * 25%
- Commission on the sale of 450 articles = Rs. 18,450
Step 3: Calculate the amount by which gross sale proceeds less total commission exceed Rs. 125 per article sold.
- Amount by which gross sale proceeds less total commission exceed Rs. 125 per article sold = (Total amount received - Commission on the sale of 450 articles) - (Number of articles sold * Rs. 125 per article sold)
- Amount by which gross sale proceeds less total commission exceed Rs. 125 per article sold = (Rs. 73,800 - Rs. 18,450) - (450 * Rs. 125)
- Amount by which gross sale proceeds less total commission exceed Rs. 125 per article sold = Rs. 10,800
Step 4: Calculate the additional commission on the sale of 450 articles.
- Additional commission on the sale of 450 articles = Amount by which gross sale proceeds less total commission exceed Rs. 125 per article sold * Additional commission rate
- Additional commission on the sale of 450 articles = Rs. 10,800 * 1/4
- Additional commission on the sale of 450 articles = Rs. 2,700
Total Commission:
- Total commission on the sale of 450 articles = Commission on the sale of 450 articles + Additional commission on the sale of 450 articles
- Total commission on the sale of 450 articles = Rs. 18,450 + Rs. 2,700
- Total commission on the sale of 450 articles = Rs. 21,150
Therefore, the consignee's commission on the sale of 450 articles at Rs. 73,800 is Rs. 21,150.
Community Answer
Consignee is entitled to get commission 25% per article. sold plus 1/4...
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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 thereon exceeds a sum at the rate of Rs. 125 per article sold. he sold 450 articles 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 thereon exceeds a sum at the rate of Rs. 125 per article sold. he sold 450 articles 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 thereon exceeds a sum at the rate of Rs. 125 per article sold. he sold 450 articles 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 thereon exceeds a sum at the rate of Rs. 125 per article sold. he sold 450 articles at Rs.73800. commission will be?.
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 thereon exceeds a sum at the rate of Rs. 125 per article sold. he sold 450 articles 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 thereon exceeds a sum at the rate of Rs. 125 per article sold. he sold 450 articles 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 thereon exceeds a sum at the rate of Rs. 125 per article sold. he sold 450 articles at Rs.73800. commission will be?.
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