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Goods 1260000 to consignee at a profit of 20% on invoice value . Out of this, 2/3 3rd goods were so at invoice price by the consignee Expenses incurred by consignor and consignee were 215800 and respectivelyout of which recurring expenses were 3000. Consignee's commission was 3% . The profit on consignment will be * 117680 114880 155620 157620?
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Goods 1260000 to consignee at a profit of 20% on invoice value . Out o...
Profit on Consignment Calculation

Calculation of Cost Price
- Invoice value of goods = 1260000
- Profit on invoice value = 20%
- Profit = (20/100)*1260000 = 252000
- Cost price = 1260000 - 252000 = 1008000

Calculation of Goods Sold at Invoice Price
- 2/3 of goods were sold at invoice price by consignee
- Invoice price = Cost price + Profit
- Invoice price = 1008000 + (20/100)*1008000 = 1209600
- 2/3 of goods sold at invoice price = (2/3)*1260000 = 840000
- Cost price of goods sold at invoice price = 840000
- Profit on goods sold at invoice price = Invoice price - Cost price = 1209600 - 840000 = 369600

Calculation of Consignee's Commission
- Commission rate = 3%
- Commission on goods sold = (3/100)*1260000 = 37800

Calculation of Expenses
- Total expenses incurred by consignor and consignee = 215800 + 154000 = 369800
- Recurring expenses = 3000
- Non-recurring expenses = Total expenses - Recurring expenses = 369800 - 3000 = 366800

Calculation of Profit on Consignment
- Total revenue = Invoice value of goods + Profit on goods sold at invoice price = 1260000 + 369600 = 1629600
- Total expenses = Recurring expenses + Non-recurring expenses = 3000 + 366800 = 369800
- Net profit = Total revenue - Total expenses - Consignee's commission = 1629600 - 369800 - 37800 = 117680

Therefore, the profit on consignment will be 117680.
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Goods 1260000 to consignee at a profit of 20% on invoice value . Out of this, 2/3 3rd goods were so at invoice price by the consignee Expenses incurred by consignor and consignee were 215800 and respectivelyout of which recurring expenses were 3000. Consignee's commission was 3% . The profit on consignment will be * 117680 114880 155620 157620?
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