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X of Kolkata sends out certain goods at cost + 25%. Invoice value of goods sends out Rs. 2,00,000. 4/5th of the goods were sold by consignee at Rs. 1,76,000. Commission 2% upto invoice value and 10% of any surplus above invoice value.The amount of commission will be:
- a)Rs. 4,800
- b)Rs. 5,200
- c)Rs. 3,200
- d)Rs. 1,600
Correct answer is option 'A'. Can you explain this answer?
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X of Kolkata sends out certain goods at cost + 25%. Invoice value of g...
To find the amount of commission, we need to calculate the total value of goods sold by the consignee and then calculate the commission based on the given rates.
1. Calculate the total value of goods sold by the consignee:
We know that 4/5th of the goods were sold at Rs. 1,76,000.
So, the total value of goods sold is (1,76,000 / 4/5) = (1,76,000 * 5/4) = Rs. 2,20,000.
2. Calculate the surplus above the invoice value:
The invoice value of the goods sent out is Rs. 2,00,000.
The surplus above the invoice value is (2,20,000 - 2,00,000) = Rs. 20,000.
3. Calculate the commission:
The commission is calculated in two parts:
a) 2% commission on the invoice value.
b) 10% commission on the surplus above the invoice value.
a) Commission on the invoice value:
The commission on the invoice value is (2,00,000 * 2/100) = Rs. 4,000.
b) Commission on the surplus above the invoice value:
The commission on the surplus is (20,000 * 10/100) = Rs. 2,000.
Therefore, the total commission is (4,000 + 2,000) = Rs. 6,000.
4. Calculate the commission at cost:
The goods were sent out at a cost of 25% less than the invoice value.
So, the commission at cost is (6,000 * 75/100) = Rs. 4,500.
Therefore, the amount of commission will be Rs. 4,500, which is not listed in the given options. None of the options provided match the calculated amount.
1. Calculate the total value of goods sold by the consignee:
We know that 4/5th of the goods were sold at Rs. 1,76,000.
So, the total value of goods sold is (1,76,000 / 4/5) = (1,76,000 * 5/4) = Rs. 2,20,000.
2. Calculate the surplus above the invoice value:
The invoice value of the goods sent out is Rs. 2,00,000.
The surplus above the invoice value is (2,20,000 - 2,00,000) = Rs. 20,000.
3. Calculate the commission:
The commission is calculated in two parts:
a) 2% commission on the invoice value.
b) 10% commission on the surplus above the invoice value.
a) Commission on the invoice value:
The commission on the invoice value is (2,00,000 * 2/100) = Rs. 4,000.
b) Commission on the surplus above the invoice value:
The commission on the surplus is (20,000 * 10/100) = Rs. 2,000.
Therefore, the total commission is (4,000 + 2,000) = Rs. 6,000.
4. Calculate the commission at cost:
The goods were sent out at a cost of 25% less than the invoice value.
So, the commission at cost is (6,000 * 75/100) = Rs. 4,500.
Therefore, the amount of commission will be Rs. 4,500, which is not listed in the given options. None of the options provided match the calculated amount.
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X of Kolkata sends out certain goods at cost + 25%. Invoice value of goods sends out Rs. 2,00,000. 4/5thof the goods were sold by consignee at Rs. 1,76,000. Commission 2% upto invoice value and 10% of any surplus above invoice value.The amount of commission will be:a)Rs. 4,800b)Rs. 5,200c)Rs. 3,200d)Rs. 1,600Correct answer is option 'A'. Can you explain this answer?
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X of Kolkata sends out certain goods at cost + 25%. Invoice value of goods sends out Rs. 2,00,000. 4/5thof the goods were sold by consignee at Rs. 1,76,000. Commission 2% upto invoice value and 10% of any surplus above invoice value.The amount of commission will be:a)Rs. 4,800b)Rs. 5,200c)Rs. 3,200d)Rs. 1,600Correct 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 X of Kolkata sends out certain goods at cost + 25%. Invoice value of goods sends out Rs. 2,00,000. 4/5thof the goods were sold by consignee at Rs. 1,76,000. Commission 2% upto invoice value and 10% of any surplus above invoice value.The amount of commission will be:a)Rs. 4,800b)Rs. 5,200c)Rs. 3,200d)Rs. 1,600Correct 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 X of Kolkata sends out certain goods at cost + 25%. Invoice value of goods sends out Rs. 2,00,000. 4/5thof the goods were sold by consignee at Rs. 1,76,000. Commission 2% upto invoice value and 10% of any surplus above invoice value.The amount of commission will be:a)Rs. 4,800b)Rs. 5,200c)Rs. 3,200d)Rs. 1,600Correct answer is option 'A'. Can you explain this answer?.
X of Kolkata sends out certain goods at cost + 25%. Invoice value of goods sends out Rs. 2,00,000. 4/5thof the goods were sold by consignee at Rs. 1,76,000. Commission 2% upto invoice value and 10% of any surplus above invoice value.The amount of commission will be:a)Rs. 4,800b)Rs. 5,200c)Rs. 3,200d)Rs. 1,600Correct 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 X of Kolkata sends out certain goods at cost + 25%. Invoice value of goods sends out Rs. 2,00,000. 4/5thof the goods were sold by consignee at Rs. 1,76,000. Commission 2% upto invoice value and 10% of any surplus above invoice value.The amount of commission will be:a)Rs. 4,800b)Rs. 5,200c)Rs. 3,200d)Rs. 1,600Correct 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 X of Kolkata sends out certain goods at cost + 25%. Invoice value of goods sends out Rs. 2,00,000. 4/5thof the goods were sold by consignee at Rs. 1,76,000. Commission 2% upto invoice value and 10% of any surplus above invoice value.The amount of commission will be:a)Rs. 4,800b)Rs. 5,200c)Rs. 3,200d)Rs. 1,600Correct answer is option 'A'. Can you explain this answer?.
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X of Kolkata sends out certain goods at cost + 25%. Invoice value of goods sends out Rs. 2,00,000. 4/5thof the goods were sold by consignee at Rs. 1,76,000. Commission 2% upto invoice value and 10% of any surplus above invoice value.The amount of commission will be:a)Rs. 4,800b)Rs. 5,200c)Rs. 3,200d)Rs. 1,600Correct answer is option 'A'. Can you explain this answer?, a detailed solution for X of Kolkata sends out certain goods at cost + 25%. Invoice value of goods sends out Rs. 2,00,000. 4/5thof the goods were sold by consignee at Rs. 1,76,000. Commission 2% upto invoice value and 10% of any surplus above invoice value.The amount of commission will be:a)Rs. 4,800b)Rs. 5,200c)Rs. 3,200d)Rs. 1,600Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of X of Kolkata sends out certain goods at cost + 25%. Invoice value of goods sends out Rs. 2,00,000. 4/5thof the goods were sold by consignee at Rs. 1,76,000. Commission 2% upto invoice value and 10% of any surplus above invoice value.The amount of commission will be:a)Rs. 4,800b)Rs. 5,200c)Rs. 3,200d)Rs. 1,600Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
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