X of kolkata sends out goods costing Rs, 100000 to consignee Y of Delhi. 3/5th of the goods were sold by consignee for Rs, 70, 000. Commission 2% on sales plus 20% of gross sales less all commission exceeds cost price. The amount of commission will be?.?A) 2833 B) 2900 C) 3000 D) 2800Answer is APlease someone explain me

CA Foundation Question

3 Answers
Aditi Kamra answered May 21, 2018
Cost of goods sold = 3/5 * 1,00,000 = Rs. 60,000

Selling Price of goods sold = Rs. 70,000

Ordinary Commission = 2% on Rs. 70,000 = Rs. 1,400

Now, Let the extra commission be Rs. X

Therefore, According to Problem:

X = 20% [(70,000 - 1,400 - X) - 60,000]

or, X = 1/5 * (8,600 - X)

or, 5X = 8,600 - X

or, X = 8,600/6 = 1,433

Therefore, Total Commission = Rs. (1,400 + 1,433) = Rs. 2,833

Chintu Rath answered Jan 25, 2019
100000+25%=125000x3/5=75000
85000 X 2%=1700
X=20%(85000-1700-x-75000)
X=20%(8300-x)
X=1660-20x/100
1.2x=1660
X=1383.3333
1700+1383.33=3083.3

Pari answered May 21, 2018
2833

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