Question

Q5. P and Q are partners sharing profits in the ratio of 1:2. R was manager who received the salary of Rs.10,000 p.m. in addition to commission of 10% on net profits after charging such commission. Total remuneration to R amounted to Rs.1,80,000. Profit for the year before charging salary and commission was : *

Answer 1

Answer:

Partner = P and Q = 1:2

Total  to R =  1,80,000

Salary = 10000 x 12 = 120000

So Commission =  1,80,000 - 120000 = 60,000

Let profit be x

10/110 X x = 60000

Profit =  6,60,000

Explanation:

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