→ COMMISSION IS CHARGED AT THE RATE OF 10%
→ SELLING EXPENCE AMOUNTS TO 1% OF TOTAL SALE
→ REQUIRED TO COMPLETE THE MISSING FIGURE
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Answers
Explanation:
the above question is miss printed...
pls. correct the question..
i.e, commission to manager (on profit before charging such commission) is already given in question = Rs.200000..
step by step explaination:
1. Computation of net profit...
commission manager = rate of commission * net profit before charging such commission.
200000=10/100 *net profit before charging such commission...
net profit before charging such commission = Rs.20,00,000
hence, net profit = 18,00,000
2. computation of selling expense...
total income appearing in p&l = 60,00,000
total expense other than selling expenses = 26,00,000+13,00,000+2,00,000
=41,00,000
so,
selling expense + remaining expense + net profit = total income
selling expense=60,00,000-41,00,000-18,00,000
selling expense= 100,000
3. computation of sale..
we have been given selling expense amount to 1% of sale
sale= selling expense/1 * 100
100000*100
=100,00,000
Answer:
Explanation:
the above question is miss printed...
pls. correct the question..
i.e, commission to manager (on profit before charging such commission) is already given in question = Rs.200000..
step by step explaination:
1. Computation of net profit...
commission manager = rate of commission * net profit before charging such commission.
200000=10/100 *net profit before charging such commission...
net profit before charging such commission = Rs.20,00,000
hence, net profit = 18,00,000
2. computation of selling expense...
total income appearing in p&l = 60,00,000
total expense other than selling expenses = 26,00,000+13,00,000+2,00,000
=41,00,000
so,
selling expense + remaining expense + net profit = total income
selling expense=60,00,000-41,00,000-18,00,000
selling expense= 100,000
3. computation of sale..
we have been given selling expense amount to 1% of sale
sale= selling expense/1 * 100
100000*100
=100,00,000