Question

Multiple choice Questions -
1) P and Q are partners sharing profits in the ratio 1:2. R was a manager who
received a salary of 10,000 p.m. in addition to commission of 10% on net profit
after charging such commission. Total remuneration to R amounted to 31,80,000
Profit for the year before charging salary and commission was,
a. 37,20,000
b. 36,00,000
c. 37,80,000
d. 86,60,000​

Answer 1

Answer:

1) P and Q are partners sharing profits in the ratio 1:2. R was a manager who

received a salary of 10,000 p.m. in addition to commission of 10% on net profit

after charging such commission. Total remuneration to R amounted to 31,80,000

Profit for the year before charging salary and commission was,

a. 37,20,000

b. 36,00,000

c. 37,80,000

d. 86,60,000

C) is correct answer.

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