Question

Given : Shiv, Mohan and Gopal are partners sharing profits and losses in the ratio of 2:2: 1. Shiv is entitled to a commission of 10% on the net profit. Net profit for the year is 1,10,000. To Find : The amount of commission payable to Shiv. Solution: Shiv is entitled to a commission of 10% on the net profit.​​

Answer 1

Answer:

Here is the solution of it. Shiv, Mohan and Gopal are partners sharing profit and losses in the ration of 2 : 2 : 1. Shiv is entitled to a commission of 10% on the net profit for the year is ₹ 1,10,000. Shiv commission = 110000 * 10/100 = ₹ 11000

Step-by-step explanation:

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Answer 2

Given : Shiv, Mohan and Gopal are partners sharing profits and losses in the ratio of 2:2: 1. Shiv is entitled to a commission of 10% on the net profit. Net profit for the year is 1,10,000. To Find : The amount of commission payable to Shiv. Solution: Shiv is entitled to a commission of 10% on the net profit.