Question

Q17.Anil and Vijay are partners in a firm . Anil is entitled to get a commission of 25% of net profit after charging such commission. Net profit befor charging such commission is Rs.60000.calculate Anil's commission *​

Answer 1

Anil's Commission = 12,000

Explanation:

Given:

Anil's Commission = 25% net profit after charging such commission

Net profit = 60,000 before charging such commission

Computation of Anil's Commission :

Anil's Commission = Net profit × [25% / (100% + 25%) ]

Anil's Commission = Net profit × [25% / (125%) ]

Anil's Commission = 60,000 × 0.2

Anil's Commission = 12,000

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