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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 is 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?
Most Upvoted Answer
X of Kolkata sends out certain goods at cost + 25%. Invoice value of g...
invoice value of 4/5 goods is 160000 and surplus is 176000 - 160000 = 16000 so the commission will be 2 % upto invoice value 160000 x 2% = 3200 plus 10 % on surplus 16000 x 10% = 3200 + 1600 = 4800
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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 is 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?
Question Description
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 is 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. 4/5th of the goods were sold by consignee at Rs.1,76,000. Commission is 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. 4/5th of the goods were sold by consignee at Rs.1,76,000. Commission is 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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