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​A Contract Merchant Specializing in Stationery Articles Sold a Consignment

Question 27

Short Answer

​A contract merchant specializing in Stationery articles sold a consignment of articles for an office. The sales price was $22,650 with a commission rate of 16% for office articles. For this consignment, there was $650 freight that the merchant had to pay. What were the net proceeds due to the office?

Correct Answer:

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$22,650 *0.16 = $3,6...

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