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Mr. Y consigned 800 packets of toothpaste to Z. Cost price of each packet was `900. Mr. Y spent `15,000 as cartage.He sold 740 packets at a profit of 25% of Sale, half of which is credit sale. He was entitled to 2% commission on sales plus 1% del-credere commission. Calculate commission?
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Mr. Y consigned 800 packets of toothpaste to Z. Cost price of each pac...
Commission Calculation for Mr. Y

Given Information:
- Mr. Y consigned 800 packets of toothpaste to Z.
- The cost price of each packet was `900.
- Mr. Y spent `15,000 as cartage.
- He sold 740 packets at a profit of 25% of the sale.
- Half of the sales were credit sales.
- Mr. Y was entitled to a 2% commission on sales plus 1% del-credere commission.

Calculating the Total Cost:
To calculate the total cost, we need to consider the cost price of each packet and the cartage expenses.

Cost price of 800 packets = 800 * `900 = `720,000
Total cost = Cost price of 800 packets + Cartage expenses = `720,000 + `15,000 = `735,000

Calculating the Total Sales:
To calculate the total sales, we need to consider the selling price and the number of packets sold.

Profit on each packet = 25% of the sale = 25/100 * Cost price = 25/100 * `900 = `225
Selling price of each packet = Cost price + Profit on each packet = `900 + `225 = `1,125
Total sales = Selling price of each packet * Number of packets sold = `1,125 * 740 = `834,000

Calculating the Commission:
Mr. Y is entitled to a 2% commission on sales plus 1% del-credere commission.

Commission on sales = 2/100 * Total sales = 2/100 * `834,000 = `16,680
Del-credere commission = 1/100 * Total sales = 1/100 * `834,000 = `8,340

Total Commission = Commission on sales + Del-credere commission = `16,680 + `8,340 = `25,020

Explanation:
- Mr. Y consigned 800 packets of toothpaste to Z at a cost price of `900 per packet.
- He spent `15,000 as cartage expenses.
- He sold 740 packets at a profit of 25% of the sale.
- The selling price of each packet was `1,125.
- The total sales amounted to `834,000.
- Mr. Y was entitled to a 2% commission on sales, which amounted to `16,680.
- He was also entitled to a 1% del-credere commission, which amounted to `8,340.
- Therefore, the total commission earned by Mr. Y was `25,020.

In conclusion, Mr. Y earned a commission of `25,020 on the consignment of 800 packets of toothpaste to Z.
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Mr. Y consigned 800 packets of toothpaste to Z. Cost price of each packet was `900. Mr. Y spent `15,000 as cartage.He sold 740 packets at a profit of 25% of Sale, half of which is credit sale. He was entitled to 2% commission on sales plus 1% del-credere commission. Calculate commission?
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Mr. Y consigned 800 packets of toothpaste to Z. Cost price of each packet was `900. Mr. Y spent `15,000 as cartage.He sold 740 packets at a profit of 25% of Sale, half of which is credit sale. He was entitled to 2% commission on sales plus 1% del-credere commission. Calculate 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 Mr. Y consigned 800 packets of toothpaste to Z. Cost price of each packet was `900. Mr. Y spent `15,000 as cartage.He sold 740 packets at a profit of 25% of Sale, half of which is credit sale. He was entitled to 2% commission on sales plus 1% del-credere commission. Calculate commission? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mr. Y consigned 800 packets of toothpaste to Z. Cost price of each packet was `900. Mr. Y spent `15,000 as cartage.He sold 740 packets at a profit of 25% of Sale, half of which is credit sale. He was entitled to 2% commission on sales plus 1% del-credere commission. Calculate commission?.
Solutions for Mr. Y consigned 800 packets of toothpaste to Z. Cost price of each packet was `900. Mr. Y spent `15,000 as cartage.He sold 740 packets at a profit of 25% of Sale, half of which is credit sale. He was entitled to 2% commission on sales plus 1% del-credere commission. Calculate commission? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
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