Tripti and Khushi are partners sharing profits in the ratio of 3:2. Ruchi was manager who received quarterly salary of Rs. 20,000 in addition to commission of 10% on net profits after charging such commission. Total renumeration to Ruchi amounted to Rs. 1,30,000. What was the profit for the year before charging salary and commission.
Answers
Answered by
1
Answer:
20.000+1.30.000= 1 50.000
Answered by
2
Explanation:
Rs. 1,56,000
Total remuneration = Salary + commission
= (RS-8,000 x 12) + RS-60,000(WN 1)
= RS-1,56,000.
Working notes:-
Net profit for commission = 13,56,000 - (8,000 x 12)
= RS-12,60,000.
Commission after charging such commission
= 12,60,000 x 5/105
= RS-60,000.
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