P and Q are partners sharing profits in the ratio of 1:2. R was manager who received the salary of 10000p.m. in addition to commission of 10% on net profit after charging such commission. Total remuneration to R amounted to 180000. Profit for the year before charging salary and commission was
Answers
Answer:
7,80,000
Explanation:
let Profit after such commission =. 100
and 10% commission of man. Add = 10
profit before commission. = 110
(manager's commission = 1,80,000 - 10000 × 12 = 60,000 )
eq. Profit before comm. = commission÷ 10 × 110
60000÷10×110
= 6,60,000
Profit before salary = profit before comm.+ salary
= 6,60,000+1,20,000
= 7,80,000
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Answer:
in this question we have to find the profit for the year before salary and commission so in first step we have find the value of manger'S commission and in last second step we have find the value salary and added with total profit of the firm...
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