kingbird Company sells gaads to Or le Company during 2017. lt a e Orio. the foll

Question

kingbird Company sells gaads to Or le Company during 2017. lt a e Orio. the following rebates based on total sales to D o If total sa s to Orial. are 10, laa units, it will grant a rebate o 3%. Ifit sells up t 18,500 units it will grant a r hate of 4% If it sells up o 28,500 units it will grant d rebate of 6 In he first quarter of the year, Kingbird sells 12,100 unit to Oriole at a sales price of 5121,000. Kingbird, based on past experience, has sold over 43,000 units to Orile, and these sales nomally take place in the third quarter of the year units to o ld Kingbird raport fo the yean Revenue$

Explanation / Answer

CALCULATION OF THE REVENUE ON SALE OF 12100 UNITS Sales =                 1,21,000.00 Add: Grant of Rebate 3% =                       3,630.00 Total Revenue                   1,24,630.00 Answer = total Revenue of the Quarter =                   1,24,630.00 Note: Till the first quarter the total sales is only 12,100 units so the allowable grant a rebate is only 3%

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