Consignor sent goods on consignee to consignment, consignor paid 5% co – InterviewSolution

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1.	Consignor sent goods on consignee to consignment, consignor paid 5% commission on invoice price and 20% above on invoice price. Consignor sent goods worth Rs 80,000 at a invoice price of Rs 1,00,000, which is sold in Rs 1,10,000. The amount of commission for agent: (a)Rs 7,000 (b)Rs 8,000 (c)Rs 10,000 (d)Rs 5,800
Answer» (a) Rs 7,000

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