Question

M. Gopal and Kalu share profits equally. Gopal is entitled to a salary of 2,000 per month and
together a commission of 10% of net profit before charging commission. Kalu is entited to a
salary of 20,000 p.a. and also a commission of 5% on the profits after charging the commission
and salary. The profits during the year ending March, 31, 2018 were * 1,84,000. Distribute the
profits between Gopal and Kalu.
Ans. Commission to Gopal = 14,000, Kalu * 6,000, Net Profit 1,20,000. Share of Profit: Gopal
60,000, Kalu 60,000]
on to
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Answer 1

Step-by-step explanation:

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