McqMate
| Q. |
X sends out certain goods to Y, costing 1,50,000 at cost plus 25% on invoice price. ¾ of the goods were sold by R at 1,76,000. Commission 5% upto invoice value a nd 10% of any surplus above invoice value. The amount of commission will be |
| A. | 10,100 |
| B. | 11,975 |
| C. | 10,568.75 |
| D. | 9,350 |
| Answer» C. 10,568.75 | |
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Fundamentals of AccountingDiscussion
SB Agilandeswari
2 years ago
Explanation for answer as option c
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Vishal Lachhwani
2 years ago
A. 10,100
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Gezahegn Meseret
1 year ago
Costing 150,000 plus 25% invoce. 150,000 + (150,000*25%) = (150,000+37500)= 187,500*3/4= 140,625 So, Sales 176,000-140,625= 35,375 , surplus above invoice value commission will be So, 35,375 * 10% = 3,537.5 and The amount of invoce value Commission wil be 140,625*5% = 7,031.25, Then the total amount of commission will be (3,537.5 + 7,031.25) = 10,568.75 the answer is choice (C)
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