PROBLEM VI. Samsung Company shipped 400 electronic gadgets to Cherry Store at a suggested retail price of P650 each. Cherry paid for the shipping costs of P3,000 on the entire shipment. The two parties agreed that any sale in excess of the suggested retail price will accrue to the consignee. Cherry Company submitted an account sale of 300 gadgets, 55% of which was sold at P730 each and the rest at P800. Cherry Corporation has a mark-up on cost of 25%. 1. Profit or loss on consignment 2. Amount remitted by Cherry Store