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Find the consignor profit from sales of consigned goods

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Question - On January 10, 20x7, Karen Mfg. Corporation consigned 10 units of washing machines costing P3,600 each to Kulin Marketing Corporation. Kulin paid P2,400 for freight on the shipment.

On January 31, Karen submitted a liquidation report which shoed sales of 6 units and accompanied by a remittance for P27,300 after a 15% commission on the sales price and the following deductions:

Cartage paid upon receipt of consigned goods P300

Advertising expense 1,800

Delivery and installation of goods sold 1,200

Required - Find the consignor's profit from sales of consigned goods?

Reference no: EM132805246

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