wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Net profit before charging commission to General & Sales manager - Rs 1,65,920
The General Manager is entitled to commission of 10% on net profit after charging such commission and commission of Sales Manager.
The Sales Manager is entitled to commission of 5% on net profit after charging such commission and commission of General Manager.
Commission payable to General Manager- Rs ____________ & Sales Manager - Rs ______________.

A
7,214 & 14,428
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
14,428 & 7,214
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
16,592 & 8,296
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
8,296 & 16,592
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B 14,428 & 7,214
Whenever it is given to calculate the commission after charging such commission then the formula becomes:
Net profit * Rate of commission/ 100+ Rate of commission
So, Commission payable to General Manager = 165920*10/100+10+5
165920*10/115 = 14427.8 or 14428
Commission payable to Sales Manager = 165920*5/115
= 7213.9 or 7214.

flag
Suggest Corrections
thumbs-up
7
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Let’s Solve the Puzzle
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon