Abenson Appliance Center consigned to XYZ Marketing the following

merchandise:

Cost Freight Total

10 units of Sony LCD TV Set P300,000 PI 0,000 P310,000

5 units of Blu-ray DVD player 275,000 5,000 280,000

After one month, the consignee rendered an account sales as follows:

Accounts Sales

Sony TV Set DVD Player Total

No. of units sales 7 3 10

Amount of sales P280.000 P210,000 P490,000

Less: Charges -

Commission (10% of sales) 28,000 21,000 49,000

Cartage-in 3,500 1,500 5,000

Net amount P248,500 PI 87,500 P436,000

Remittance to consignor P436,000

The net income (loss) on consignment of Sony TV set is:

a. PI 9,500 net income c. P51,000 net income

b. P32,550 net income d. PI9,500 loss