Q.14. Manager of a firm is entitled for a commission of 6%. The profit after the commission is Rs. 4,70,000. What is the amount of profit before commission?
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The amount of profit before commission is Rs.500000/-
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Answer:
Explanation:
Lets Assume the Total profit will be Rs. 100
So the commission is 6 % of Rs.100
The commission will be Rs. 6
Hence the profit after commission will be 94.
The actual profit after commission is 4,70,000
Profit before commission = 4,70,000 / 94 × 100
= 5,00,000
the amount of profit before commission is Rs. 5,00,000
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