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Financial Accounting/The Income Statement
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Consignment Sales Commission Calculation

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Joe owns a card shop and agrees to sell Seth's card collection on consignment. Joe will act as the consignee in exchange for a 15% commission on the sales price. If Joe sells a total of $240 worth of Seth's cards, how much of the proceeds should be remitted to Seth?

A

$204

B

$276

C

$168

D

$240

E

$36

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