Vismay, Abhijit and Kunal are partners sharing profit loss in the proportion of 3:2:4. Manager is to be paid 10% commission on profit but after the deduction of his such share. The share of profit of Abhijit is Rs. 30,000.
Determine the commission of manager.
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Answer:
according to Abhijit total profit of firm
will be 30000×9/2=135000
Manager commission = 135000×10/100=13500
Manager commission is paid before distribution of profit among partner
Total profit 135000 is after the payment of manager commission
Manager commission is allowed on profit after charging his commission that why it is calculated on 135000
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