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Consignee entitled to get a commission of rupees 25 per article sold Plus one fourth of the amount by which gross sales proceeds less his total commission thereon exceeded a sum at a rate of rupees 125 per artical sold . He sold 450 articles at rupees 73800 what would be the commission?
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Consignee entitled to get a commission of rupees 25 per article sold P...
Given Information:

Consignee commission: Rs. 25 per article sold + 1/4 of the amount by which gross sales proceeds less his total commission thereon exceeded a sum at a rate of Rs. 125 per article sold.

Number of articles sold: 450

Gross sales proceeds: Rs. 73800

Calculating the Commission:

Step 1: Calculate the total commission earned by the consignee based on the rate of Rs. 25 per article sold.

Total commission = Number of articles sold x Commission per article

Total commission = 450 x 25

Total commission = Rs. 11250

Step 2: Calculate the total sales proceeds for the consignee.

Total sales proceeds = Number of articles sold x Selling price per article

Total sales proceeds = 450 x (73800/450)

Total sales proceeds = Rs. 73800

Step 3: Calculate the amount by which gross sales proceeds less his total commission thereon exceeded a sum at a rate of Rs. 125 per article sold.

Excess amount = (Total sales proceeds - Total commission) - (Number of articles sold x Rs. 125)

Excess amount = (73800 - 11250) - (450 x 125)

Excess amount = Rs. 4500

Step 4: Calculate the additional commission earned by the consignee based on the excess amount.

Additional commission = 1/4 of the excess amount

Additional commission = 1/4 x 4500

Additional commission = Rs. 1125

Step 5: Calculate the total commission earned by the consignee.

Total commission = Commission earned based on rate + Additional commission

Total commission = 11250 + 1125

Total commission = Rs. 12375

Conclusion:

The consignee's commission for selling 450 articles at Rs. 73800 would be Rs. 12375.
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Consignee entitled to get a commission of rupees 25 per article sold Plus one fourth of the amount by which gross sales proceeds less his total commission thereon exceeded a sum at a rate of rupees 125 per artical sold . He sold 450 articles at rupees 73800 what would be the commission?
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Consignee entitled to get a commission of rupees 25 per article sold Plus one fourth of the amount by which gross sales proceeds less his total commission thereon exceeded a sum at a rate of rupees 125 per artical sold . He sold 450 articles at rupees 73800 what would be the commission? 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 Consignee entitled to get a commission of rupees 25 per article sold Plus one fourth of the amount by which gross sales proceeds less his total commission thereon exceeded a sum at a rate of rupees 125 per artical sold . He sold 450 articles at rupees 73800 what would be the commission? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consignee entitled to get a commission of rupees 25 per article sold Plus one fourth of the amount by which gross sales proceeds less his total commission thereon exceeded a sum at a rate of rupees 125 per artical sold . He sold 450 articles at rupees 73800 what would be the commission?.
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