Accounting · Revenue Recognition
'TechSell' delivers 100 laptops to 'Retailer' on a consignment basis. TechSell retains legal title, and Retailer has the right to return any unsold units after six months. Retailer earns a 10% commission on all units sold. The selling price is 800 per unit. After six months, 60 units have been sold by the Retailer. What is the net revenue recognised by TechSell for this transaction?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 143,200✓
- 248,000
- 354,000
- 480,000
Correct answer
43,200
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