Question

C consigned goods costing Rs 6,000 to his agent. Freight and insurance paid by consignor Rs 200. Consignee's expenses Rs 200. 4/5th of the goods were sold for Rs 3,000. Commission 2% on sales. Consignee wants to settle the balance with the help of a bank draft. The amount of draft will be _______________.

• A. Rs 2,740
• B. Rs 2,800
• C. Rs 3,000
• D. Rs 1,800

Answer 1

The correct option is A Rs 2,740

Here,

4/5th of goods were sold for Rs.3,000 = Rs. 2,400

Add -: freight and insurance Rs.200

Add -: consignee expenses Rs.200

Total -: Rs 2,800

Less -: 2% commission on sale (Rs. 60)

Total -: Rs.2,740

The amount of draft will be Rs. 2,740.