MedLab Inc. consigned 4,800 medical equipment costing P90 and retailing for P3,000 each to ACC Co. Freight cost of P4,800 was paid as freight expenses by the consignor. After a month, MedLab received P213,030 in full settlement of the balance due. The consignor deducted a commission of P600 for each equipment sold, P270 for delivery expense and P300 for advertising expense. How many medical equipment were sold?
MedLab Inc. consigned 4,800 medical equipment costing P90 and retailing for P3,000 each to ACC Co. Freight cost of P4,800 was paid as freight expenses by the consignor. After a month, MedLab received P213,030 in full settlement of the balance due. The consignor deducted a commission of P600 for each equipment sold, P270 for delivery expense and P300 for advertising expense. How many medical equipment were sold?
Chapter11: Long-term Assets
Section: Chapter Questions
Problem 5EB: Steele Corp. purchases equipment for $30,000. Regarding the purchase, Steele paid shipping of...
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MedLab Inc. consigned 4,800 medical equipment costing P90 and retailing for P3,000 each to ACC Co. Freight cost of P4,800 was paid as freight expenses by the consignor. After a month, MedLab received P213,030 in full settlement of the balance due. The consignor deducted a commission of P600 for each equipment sold, P270 for delivery expense and P300 for advertising expense. How many medical equipment were sold?
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