Question

In a joint venture X and Y sharing p rofit and loss equally, X purchased goods costing of

40,000 and Y sold the goods for 50,000. X is entitled to get 1% commission on purchase

and Y is entitled to get 5% commission on sales, the profit will be​

Answer 1

Answer:

profit is 9400

Explanation:

please mark it brainailist

Answer 2

Answer:

7100

Explanation:

Given,

x and y share profit equally

x purchased goods for 40000

y sold goods for 50000

so ,

50000-40000=10000

x entitiled commision is 1%

y entitled commisison is 5%

x = 40000×1% = 400

y = 50000×5% = 2500

therefore ,

400 + 2500 = 2900

so , profit on venture = total profit - total commission on profit

profit on venture = 10000 - 2900 = 7100

profit on venture is 7100