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Calculate the net proceeds due to Mark Ofori from the sale of a truck and a tractor.
Accounting
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3 stepsHere are the net proceeds due to Mark Ofori:
Calculate the net proceeds from the sale of the truck.
- Gross proceeds from truck sale: ₵62,500
- Commission rate for truck: 8%
- Commission for truck:
- Delivery charge for truck: ₵510
- Net proceeds from truck:
Calculate the net proceeds from the sale of the tractor.
- Gross proceeds from tractor sale: ₵88,500
- Commission rate for tractor: 8.45%
- Commission for tractor:
- Delivery charge for tractor: ₵732
- Net proceeds from tractor:
Calculate the total net proceeds due to Mark Ofori.
- Total net proceeds:
The net proceeds due to Mark Ofori from the sale of the equipment are .
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