Question

X y and z are partners sharing profits and losses equally. As per partnership deed, z is entitled to a commission of 10% on the net profit after charging such commission. The net profit before commission is rs. 2,20,000. Determine the amount of commission payable to z.

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Answer 1

Step-by-step explanation:

X : Y : Z

1 : 1 : 1

Z's commission = 10%

Net profit = 2,20,000 × 10/100+10

= 2,20,000 × 10/110

Z's commission = ₹ 20,000

Answer 2

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