Which of the following is not an example of an agency arrangement where the selling entity would recognise revenue on a nel basis?

Select ore:

1. A distributor receiving stock from its supplier on a sale-or-return basis. The sales price per unit is $100 and the cost per unit is $60.
2. Allcensed hotel selling keno tickets to customers for $5.00 and remitting $4.50 per ticket to the state gaming authority.

c A retaller selling goods to a customer for $88 and remitting $8 GST to the government.

d. A travel agent selling a cruise ticket to a customer, charging the customer $2 000 and remitting $1 800 to the cruise liner compary.