Q1. Sirya and Riya are partners sharing profits and losses in the ratio 4 : 1. Mariya was manager who received the salary of 3 4,000 p.m. in addition to a commission of 5% on net profits after charging such commission. Profit for the year is 6,78,000 before charging salary. Find the total remuneration of Mariya. (A) 3 78,000 (B) 388,000 (C) 387,000 (D) * 76,000 how to do
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The answer is 78000
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From the question, the correct option is A.
Profit for the year is 6,78,000 before charging salary. The total remuneration of Mariya is 3 78,000.
As we know given data is,
sharing profits and losses in the ratio 4 : 1.
received the salary of 3 4,000 p.m
commission of 5% on net profits
Total remuneration = Total salary + Commission
= (Rs 4,000 × 12) + Rs 30,000
= Rs 48,000 + Rs 30,000
Hence = Rs 78,000
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