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C of Bangalore consigned goods costing Rs 3,000 to his agent at Delhi. Freight and insurance paid by consignor Rs 100. Consignee’s expenses Rs 200. 4/5th of the goods were sold for Rs 3,000. Commission 2% on sales. Consignee want to settle the balance with the help of a bank draft. The amount of draft will be:
  • a)
    Rs.2740
  • b)
    Rs.2800
  • c)
    Rs.3000
  • d)
    Rs.1800
  • e)
     
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
C of Bangalore consigned goods costing Rs 3,000 to his agent at Delhi....
4/5th of goods were sold for  Rs.3000 = Rs. 2400
Add -: freight and insurance                     Rs.200
Add -: consignee expenses                      Rs.200
Total -:                                                         Rs 2800
Less -: 2% commission on sale                 Rs. 60
Total -:                                                         Rs.2740      
 The amount of draft   will be Rs. 2740
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C of Bangalore consigned goods costing Rs 3,000 to his agent at Delhi. Freight and insurance paid by consignor Rs 100. Consignee’s expenses Rs 200. 4/5th of the goods were sold for Rs 3,000. Commission 2% on sales. Consignee want to settle the balance with the help of a bank draft. The amount of draft will be:a)Rs.2740b)Rs.2800c)Rs.3000d)Rs.1800e)Correct answer is option 'A'. Can you explain this answer?
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