how do we calculate managers commission in profit&loss a/c?
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Manager's commission can be calculated in two different ways, As per the question demands,
1. After charging :
Step 1. Calculate Net profit Roughly.
Step 2. Calculate commission
Step 3. Use the formula
Net profit (Roughly calculate) × Rate/100 + Rate
2. Before charging :
The formula can be used :-
Net profit × Rate/ 100
Hopes this helps you!
1. After charging :
Step 1. Calculate Net profit Roughly.
Step 2. Calculate commission
Step 3. Use the formula
Net profit (Roughly calculate) × Rate/100 + Rate
2. Before charging :
The formula can be used :-
Net profit × Rate/ 100
Hopes this helps you!
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