On April 1, 2020, Brecken’s Art Co. consigned 70 prints of p…
On April 1, 2020, Brecken’s Art Co. consigned 70 prints of popular painting, costing $50 each, to Grayson’s Market. On October 31, Grayson’s Market. reported that 50 prints had been sold for $250 each. Grayson’s Market remitted the appropriate amount due after deducting a commission of 5% of sales. How much revenue will Grayson’s Market report on their income statement related to the sale of the 50 prints?