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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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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? 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 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? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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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