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7 August Accounting

7 August Accounting

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Published by: api-26674800 on Oct 19, 2008
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03/18/2014

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www.afterschoool.tk
AFTERSCHOOOL MATERIAL FO
R P G P S E P A R T IC IP A N T S
Accounting
AFTERSCHOOOL \u2013 DEVELOPING CHANGE

MAKERS
CENTRE FOR SOCIAL ENTREPRENEURSHIP
PGPSE PROGRAMME \u2013
World\u2019 Most Comprehensive programme in social

entrepreneurship & spiritual entrepreneurship
OPEN FOR ALL FREE FOR ALL
www.afterschoool.tk
AFTERSCHOOOL MATERIAL FO
R P G P S E P A R T IC IP A N T S
Accounting
Dr. T.K. Jain.

AFTERSCHOOOL
Centre for social entrepreneurship
Bikaner
M: 9414430763
tkjainbkn@yahoo.co.in

www.afterschool.tk
www.afterschoool.tk
www.afterschoool.tk
AFTERSCHOOOL MATERIAL FO
R P G P S E P A R T IC IP A N T S

I send goods of Rs. 1 lakh to Mohit.
He sells 3/5th of the goods by adding
a margin of Rs. 10000. Commission
is 2% on sales plus 20% of gross
sales less all commission exceeds
cost. What is commission?

\ue0003/5th of the goods are of Rs. 60000. if

margin of 10000 is added, we have
70000. commission on this is 1400. let
us now calculate 20% of gross sales less
all cost. Thus is 20 / 120 of 10000 -1400.
which is 20/120 of 8600 = 1433. thus
total commission amount is 2833. ans.

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