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On January 10, 2010, Dex Corp. consigned 10 units of washing machines costing $7,200 each to LBC Corp. Dex Corp. paid the amount of $4,800
- On January 10, 2010, Dex Corp. consigned 10 units of washing machines costing $7,200 each to LBC Corp. Dex Corp. paid the amount of $4,800 for freight on the shipment. On January 31, LBC Corp. submitted a consignment liquidation report stating that it had sold 6 washing machines and remitted $54,600 which is net of the following: Additional freight cost paid upon receipt of consigned goods, $600; Advertising expenses, $3,600; Delivery of items sold, $2,400; Commissions at 15% of selling price.
- The six (6) washing machines were sold at a total of?
- The consignor's net profit from the sale of the consigned goods was?
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