Question

A B and C are Partnership in a firm. A is a partner is entitled to a commisson of 5% of net profit after charging such commisson.Calculate the amount of commisson if the net profit for the year is amounted to ₹88,200
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Answer 1

Answer: 4,410

Explanation:

Means 5% of 88,200 which is 5 multiplied by 88,200 which gives you 441,100 and then you divide 441,100 by 100 and you arrive at 4,410.

(5*88200 / 100)