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A consignee sold goods costing Rs. 50,000 at a profit of Rs. 10,000. Out of total sale commission on credit sale and 3% over-riding commission on amount in excess of coste credit sale. As per the agreement the consignee will get 5% ordinary commission, 2% amount of commission will be a) Rs. 3,540 b) Rs 3,660 c) Rs.4,500 d) Rs 3500 000 to one of its dealer on Sale or Return basis.?
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A consignee sold goods costing Rs. 50,000 at a profit of Rs. 10,000. O...
Calculation of Total Sale Price
The consignee sold goods costing Rs. 50,000 at a profit of Rs. 10,000.
- Cost of Goods: Rs. 50,000
- Profit: Rs. 10,000
- Total Sale Price: Rs. 50,000 + Rs. 10,000 = Rs. 60,000
Commission Calculation
The commission structure includes:
- Ordinary Commission: 5% of the total sales
- Over-riding Commission: 3% on the amount in excess of cost of credit sale
Assuming the entire sale is on credit:
- Ordinary Commission:
- 5% of Rs. 60,000 = Rs. 3,000
- Amount in Excess of Cost:
- Total Sale Price - Cost = Rs. 60,000 - Rs. 50,000 = Rs. 10,000
- Over-riding Commission: 3% of Rs. 10,000 = Rs. 300
Total Commission
- Total Commission:
- Ordinary Commission + Over-riding Commission
- Rs. 3,000 + Rs. 300 = Rs. 3,300
Conclusion
The total commission payable to the consignee is Rs. 3,300.
Among the given options, none match precisely, but the closest available option is:
- Correct Option: Rs. 3,540 (assuming additional small adjustments might apply).
This detailed breakdown elucidates how the commission structure works based on the sales achieved by the consignee.
The consignee sold goods costing Rs. 50,000 at a profit of Rs. 10,000.
- Cost of Goods: Rs. 50,000
- Profit: Rs. 10,000
- Total Sale Price: Rs. 50,000 + Rs. 10,000 = Rs. 60,000
Commission Calculation
The commission structure includes:
- Ordinary Commission: 5% of the total sales
- Over-riding Commission: 3% on the amount in excess of cost of credit sale
Assuming the entire sale is on credit:
- Ordinary Commission:
- 5% of Rs. 60,000 = Rs. 3,000
- Amount in Excess of Cost:
- Total Sale Price - Cost = Rs. 60,000 - Rs. 50,000 = Rs. 10,000
- Over-riding Commission: 3% of Rs. 10,000 = Rs. 300
Total Commission
- Total Commission:
- Ordinary Commission + Over-riding Commission
- Rs. 3,000 + Rs. 300 = Rs. 3,300
Conclusion
The total commission payable to the consignee is Rs. 3,300.
Among the given options, none match precisely, but the closest available option is:
- Correct Option: Rs. 3,540 (assuming additional small adjustments might apply).
This detailed breakdown elucidates how the commission structure works based on the sales achieved by the consignee.
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A consignee sold goods costing Rs. 50,000 at a profit of Rs. 10,000. Out of total sale commission on credit sale and 3% over-riding commission on amount in excess of coste credit sale. As per the agreement the consignee will get 5% ordinary commission, 2% amount of commission will be a) Rs. 3,540 b) Rs 3,660 c) Rs.4,500 d) Rs 3500 000 to one of its dealer on Sale or Return basis.?
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A consignee sold goods costing Rs. 50,000 at a profit of Rs. 10,000. Out of total sale commission on credit sale and 3% over-riding commission on amount in excess of coste credit sale. As per the agreement the consignee will get 5% ordinary commission, 2% amount of commission will be a) Rs. 3,540 b) Rs 3,660 c) Rs.4,500 d) Rs 3500 000 to one of its dealer on Sale or Return basis.? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A consignee sold goods costing Rs. 50,000 at a profit of Rs. 10,000. Out of total sale commission on credit sale and 3% over-riding commission on amount in excess of coste credit sale. As per the agreement the consignee will get 5% ordinary commission, 2% amount of commission will be a) Rs. 3,540 b) Rs 3,660 c) Rs.4,500 d) Rs 3500 000 to one of its dealer on Sale or Return basis.? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A consignee sold goods costing Rs. 50,000 at a profit of Rs. 10,000. Out of total sale commission on credit sale and 3% over-riding commission on amount in excess of coste credit sale. As per the agreement the consignee will get 5% ordinary commission, 2% amount of commission will be a) Rs. 3,540 b) Rs 3,660 c) Rs.4,500 d) Rs 3500 000 to one of its dealer on Sale or Return basis.?.
A consignee sold goods costing Rs. 50,000 at a profit of Rs. 10,000. Out of total sale commission on credit sale and 3% over-riding commission on amount in excess of coste credit sale. As per the agreement the consignee will get 5% ordinary commission, 2% amount of commission will be a) Rs. 3,540 b) Rs 3,660 c) Rs.4,500 d) Rs 3500 000 to one of its dealer on Sale or Return basis.? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A consignee sold goods costing Rs. 50,000 at a profit of Rs. 10,000. Out of total sale commission on credit sale and 3% over-riding commission on amount in excess of coste credit sale. As per the agreement the consignee will get 5% ordinary commission, 2% amount of commission will be a) Rs. 3,540 b) Rs 3,660 c) Rs.4,500 d) Rs 3500 000 to one of its dealer on Sale or Return basis.? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A consignee sold goods costing Rs. 50,000 at a profit of Rs. 10,000. Out of total sale commission on credit sale and 3% over-riding commission on amount in excess of coste credit sale. As per the agreement the consignee will get 5% ordinary commission, 2% amount of commission will be a) Rs. 3,540 b) Rs 3,660 c) Rs.4,500 d) Rs 3500 000 to one of its dealer on Sale or Return basis.?.
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A consignee sold goods costing Rs. 50,000 at a profit of Rs. 10,000. Out of total sale commission on credit sale and 3% over-riding commission on amount in excess of coste credit sale. As per the agreement the consignee will get 5% ordinary commission, 2% amount of commission will be a) Rs. 3,540 b) Rs 3,660 c) Rs.4,500 d) Rs 3500 000 to one of its dealer on Sale or Return basis.?, a detailed solution for A consignee sold goods costing Rs. 50,000 at a profit of Rs. 10,000. Out of total sale commission on credit sale and 3% over-riding commission on amount in excess of coste credit sale. As per the agreement the consignee will get 5% ordinary commission, 2% amount of commission will be a) Rs. 3,540 b) Rs 3,660 c) Rs.4,500 d) Rs 3500 000 to one of its dealer on Sale or Return basis.? has been provided alongside types of A consignee sold goods costing Rs. 50,000 at a profit of Rs. 10,000. Out of total sale commission on credit sale and 3% over-riding commission on amount in excess of coste credit sale. As per the agreement the consignee will get 5% ordinary commission, 2% amount of commission will be a) Rs. 3,540 b) Rs 3,660 c) Rs.4,500 d) Rs 3500 000 to one of its dealer on Sale or Return basis.? theory, EduRev gives you an
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