MSUB Exam | 2020-2021

02-Jun-2021 | Wednesday

Ms. Mansi sent 250

units costing Rs. 10,000

to Ms Priya. The goods

were to be sold so as to

yield a gross profit of

25% on sales. Ms. Priya

sold 150 units at Rs.

14,200 per unit on

credit and 75 units at

Rs. 14,000 for cash.

Agent was entitled to

get commission of Rs

500 per unit sold

(simple commission)

and 25% of any surplus

profit realised (over

riding commission).

Calculate the amount of

commission for agent.