Q2
1
A and B are partners sharing profits and losses in the ratio 2:1. Ganesh was manager who received the salary
2,20,000 per year in addition to a commission of 10% on net profits after charging such commission. Profit
for the year is 5,50,000 before charging salary. Find the total remuneration of Ganesh.
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Answer:
commission to Ganesh = 10% on 5,50,000
= 10/110 * 5,50,000
= RS. 50,000
salary to Ganesh = RS. 2,20,000
total renumeration to Ganesh=50,000 + 2,20,000
= RS. 2,70,000
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