CA CPT June 2018 Question Paper Fundamentals of Accounting for online practice

A bought goods of the value of Rs. 10,000 and consigned them to B to be sold by them on a joint venture, profits being divided equally, A paid Rs. 1,000 for freight and insurance. A draws a bill on B for Rs.10,000. A got it discounted at Rs, 9,500, B sold the goods for Rs. 15,000 . Commission payable to B is Rs. 500. Find out the profit on venture?