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How much revenue will Louise recognize

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Question - Louise paints seascapes and landscapes. During the current year she placed nine of her most prized paintings with the Wainwright Studio Gallery. The paintings each carried a price of $8,000, and Louise made a deal with the Gallery to pay them a 40% commission on all paintings sold. At the end of the year, three paintings had been sold. How much revenue will Louise recognize on each of the consignment sales?

A. $8,000

B. $0

C. $3,200

D. $4,800

Reference no: EM133055495

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