Kanan and sudip are partners in a firm. Kanan is to get a commission of 10% of net profit before charging any commission. Sudip is to get a commission of 10% on net profit after charging all commission. Net profit before charging any commission was ₹1,10,000. Ascertain commission payable to kanan and sudip.
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Answer:
Commission to kanan =₹11000
Commission to sudip=₹ 10000
Explanation:
Kanan = 110000 *10/100
Sudip = 110000* 10/110(100+10)
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