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A manager gets 5% commission on sales. Cost price of goods sold is Rs. 40,000 whichhe sells at a margin of 20% on sale. Commission will be
- a)Rs. 2,500
- b)Rs. 2,400
- c)Rs. 2,000
- d)None of the three
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
A manager gets 5% commission on sales. Cost price of goods sold is Rs....
COGS is RS 40,000 and he sells at a margin of 20% on sales that is 1/5 on sales since it is 1/5 on sales it will be 1/4 on cost which means 25% on cost or cogs
He sells at 40000+25% of 40000=50000 And so the price in which he sells the goods is 50000 and as he is entitled to get a commission of 5% on sales(50000) So 5% of 50000=2500 And the ans is 2500
He sells at 40000+25% of 40000=50000 And so the price in which he sells the goods is 50000 and as he is entitled to get a commission of 5% on sales(50000) So 5% of 50000=2500 And the ans is 2500
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A manager gets 5% commission on sales. Cost price of goods sold is Rs....
Given that the cost price of the goods is 40000 and it includes 20% of profit on sale price which means 25% on cost that implies 40000 + 25% is equal to 50000 show the totally commission is 50000×25%=2500 hence option a is the correct answer
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A manager gets 5% commission on sales. Cost price of goods sold is Rs. 40,000 whichhe sells at a margin of 20% on sale. Commission will bea)Rs. 2,500b)Rs. 2,400c)Rs. 2,000d)None of the threeCorrect answer is option 'A'. Can you explain this answer?
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A manager gets 5% commission on sales. Cost price of goods sold is Rs. 40,000 whichhe sells at a margin of 20% on sale. Commission will bea)Rs. 2,500b)Rs. 2,400c)Rs. 2,000d)None of the threeCorrect 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 A manager gets 5% commission on sales. Cost price of goods sold is Rs. 40,000 whichhe sells at a margin of 20% on sale. Commission will bea)Rs. 2,500b)Rs. 2,400c)Rs. 2,000d)None of the threeCorrect 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 A manager gets 5% commission on sales. Cost price of goods sold is Rs. 40,000 whichhe sells at a margin of 20% on sale. Commission will bea)Rs. 2,500b)Rs. 2,400c)Rs. 2,000d)None of the threeCorrect answer is option 'A'. Can you explain this answer?.
A manager gets 5% commission on sales. Cost price of goods sold is Rs. 40,000 whichhe sells at a margin of 20% on sale. Commission will bea)Rs. 2,500b)Rs. 2,400c)Rs. 2,000d)None of the threeCorrect 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 A manager gets 5% commission on sales. Cost price of goods sold is Rs. 40,000 whichhe sells at a margin of 20% on sale. Commission will bea)Rs. 2,500b)Rs. 2,400c)Rs. 2,000d)None of the threeCorrect 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 A manager gets 5% commission on sales. Cost price of goods sold is Rs. 40,000 whichhe sells at a margin of 20% on sale. Commission will bea)Rs. 2,500b)Rs. 2,400c)Rs. 2,000d)None of the threeCorrect answer is option 'A'. Can you explain this answer?.
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