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X sends outs of goods to Y costing 1,50,000 at cost plus 25% on invoice price. ¾ of the goods were sold at 176000.Commission 5% on sales price and 10% surplus above invoice price. So the total commission value *?
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X sends outs of goods to Y costing 1,50,000 at cost plus 25% on invoic...
Calculation of Cost Price and Selling Price

To find the total commission value, we need to calculate the cost price and selling price of the goods. Given that X sent goods to Y costing 1,50,000 at cost plus 25% on invoice price. So, we can calculate the cost price as follows:
Cost Price (CP) = 1,50,000/1.25 = 1,20,000

We know that ¾ of the goods were sold at 176000. So, we can calculate the selling price as follows:
Selling Price (SP) = 176000/(3/4) = 2,34,666.67

Calculation of Commission

Commission on sales price = 5% of 176000 = 8800

Since the selling price is higher than the invoice price, we need to calculate the surplus above invoice price. The invoice price is the cost price plus 25% of the cost price, which is 1.25*120000 = 1,50,000. So, the surplus above invoice price is:
Surplus = 2,34,666.67 - 1,50,000 = 84,666.67

Commission on surplus = 10% of 84,666.67 = 8466.67

Total Commission Value = Commission on sales price + Commission on surplus = 8800 + 8466.67 = 17266.67

Therefore, the total commission value is 17266.67.

HTML Formatted Answer

Calculation of Cost Price and Selling Price

  • Cost Price (CP) = 1,50,000/1.25 = 1,20,000

  • Selling Price (SP) = 176000/(3/4) = 2,34,666.67



Calculation of Commission

  • Commission on sales price = 5% of 176000 = 8800

  • Surplus = 2,34,666.67 - 1,50,000 = 84,666.67

  • Commission on surplus = 10% of 84,666.67 = 8466.67

  • Total Commission Value = Commission on sales price + Commission on surplus = 8800 + 8466.67 = 17266.67



Therefore, the total commission value is 17266.67.
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X sends outs of goods to Y costing 1,50,000 at cost plus 25% on invoice price. ¾ of the goods were sold at 176000.Commission 5% on sales price and 10% surplus above invoice price. So the total commission value *?
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