CA CPT Model Test Paper 11 with solutions for online practice

Goods sent on consignment Rs. 7,60,000.Opening consignment stock Rs. 48,000. Cash sales Rs. 7,00,000. Consignor's expenses Rs. 20,000.Consignee's expenses Rs. 12,000. Commission Rs. 20,000. Closing consignment stock Rs. 3,00,000. The profit on consignment is: