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Standard XI

Accountancy

Recording Managerial Commission

A manager get...

Question

A manager gets 5% commission on sales, the cost price of goods sold is Rs. 40,000 which he sells at a margin of 20% on sale. Manager's Commission will be:

Rs. 2,000

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Rs. 2,500

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Rs. 2,800

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None of the above

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Solution

The correct option is B
Rs. 2,500

Sales
= Rs. 40,000 + (40,000 * 25%)
= Rs. 50,000

Commission
= 5% of Rs. 50,000
= 5% * Rs. 50,000
=. Rs. 2,500.

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A manager gets 5% commission on sales, the cost price of goods sold is Rs. 40,000 which he sells at a margin of 20% on sale. Manager's Commission will be:

The correct option is B Rs. 2,500 Sales = Rs. 40,000 + (40,000 * 25%) = Rs. 50,000 Commission = 5% of Rs. 50,000 = 5% * Rs. 50,000 =. Rs. 2,500.

The correct option is B
Rs. 2,500

Sales
= Rs. 40,000 + (40,000 * 25%)
= Rs. 50,000

Commission
= 5% of Rs. 50,000
= 5% * Rs. 50,000
=. Rs. 2,500.