On August 5, 2018, Famous Furniture shipped 40 dining room sets on consignment to Furniture Outlet, Inc. The cost of each dining room set was $350 each. Shipping cost for the dining room sets was $1,800 and was paid for by Famous Furniture. On December 30, 2018, the consignee reported the sale of 30 dining sets for $850 each. The consignee remitted payment for the amount due after deducting a 6% commission, advertising expenses of $600, and setup and installation costs of $780. Total profit on units sold to the consignor is ?

Answer rating: 100% (QA)

To calculate the total profit on units sold to the consignee we need to ... View the full answer