Adil is paid a commission amount of 2280 RO.During January 2020, his sales were 38,000 RO.What is the rate of commission?Select one:a. 4%O b. 15%O c. 6%O d. 10%

Commission is the amount paid to the salesperson or agent in exchange of services provided by such…

Answered: Adil is paid a commission amount of…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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The following are the transactions of AH. Rahman Electronics for the month of November, 2020: Nov 1 Purchase of 15 laptops from Dhaka-based Gallup Computers Ltd. for Rs. 55,000. Debt discount 5%.Invoice No. 100. Carrying cost Rs. 1,500. Nov 20 Purchase of 6 refrigerators from Khan Electronics, Savar for Rs. 35,000. Invoice No. 101 Bargain discount 7%. Packing cost Rs.1000(A) What are the ancillary costs of the transaction? (B) Make Purchase Journal of AH Rahman Electronics.(C) Prepare general ledger on the basis of appropriate transactions.
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Adil is paid a commission amount of 2280 RO. During January 2020, his sales were 38,000 RO. What is the rate of commission? Select one: а. 4% O b. 15% с. 6% d. 10%