Question

Gaurav and Vikram are partners in a firm. Gaurav is entitled to get a commission of 25 % of net profit after charging such commission. Net profit before charging such commission and rent of building payable to Vikram @ 5000 per month is 120000. Calculate Gaurav commission​

Answer 1

Answer:

cp-5000

sp_12000

sp is greater than cp=sp-cp

= 12000-5000

= 7000

7000×25

175000 is the answer