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  • OLPROFE01 - Activity 7

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    Red Mariee
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    CE Trading Corp. sold eight antenna sets for a total sales price of $100,000. The costs associated with the sale included a 12% commission of $12,000, selling expenses of $1,200, free antennae costing $1,400, and $2,800 for delivery and installation. After deducting these costs, the net profit for CR Manufacturing Co. from the eight sets sold was $10,200.

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    CE Trading Corp. sold eight antenna sets for a total sales price of $100,000. The costs associated with the sale included a 12% commission of $12,000, selling expenses of $1,200, free antennae costing $1,400, and $2,800 for delivery and installation. After deducting these costs, the net profit for CR Manufacturing Co. from the eight sets sold was $10,200.

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    12 views1 page

    OLPROFE01 - Activity 7

    Uploaded by

    Red Mariee
    CE Trading Corp. sold eight antenna sets for a total sales price of $100,000. The costs associated with the sale included a 12% commission of $12,000, selling expenses of $1,200, free antennae costing $1,400, and $2,800 for delivery and installation. After deducting these costs, the net profit for CR Manufacturing Co. from the eight sets sold was $10,200.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    The total selling price of the eight (8) sets sold by CE Trading Corp.

    is

    Solution:

    Net remittance 82,600

    Selling expenses 1,200

    Cost of antennae given free 1,400

    Delivery and installation 2,800

    Net remittance before other costs but after commission 88,000

    Commission (88K/88%) x 12% 12,000

    Sales price 100,000

    The net profit oc CR Manufacturing Co. on the eight(8) set sold by CE Trading Corp.

    Sales 100,000

    Cost of goods sold (9k x 8) + (600 x 8/12) (72, 400)

    Gross profit 27,600

    Commission expenses (12,000)

    Selling expenses (1,200)

    Cost of antennae given free (1,400)

    Delivery and installation (2,800)

    Net profit 10,200

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