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How much net income did hbo realize in august on consignment

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Reference no: EM132945731

On August, 2019, HBO consigned to GEO 10 laptops costing P15,000 each, paying freight charge of P15,000. At the end of the month, GEO reported sales of 6 handbags at P30,000 each and incurred expenses of P12,500 and remitted the net proceeds due to HBO after deducting a 20% commission on the sales price.

Problem 1: How much net income did HBO realize in August on the consignment?

A. 37,500 income              C. 33,500 loss
B. 32,500 income              D. 32,500 loss

Reference no: EM132945731

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