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Question
Net profit of a business is Rs. 220 before charging commission. If the manager is entitled to 15% of the profit before charging such commission, the commission will be _____.
Net profit of a business is Rs. 220 before charging commission. If the manager is entitled to 15% of the profit before charging such commission, the commission will be _____.
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Solution
The correct option is A Rs. 33
The manager of the business is sometimes given the commission on the net profit of the company. The percentage of the business is applied on the profit either before charging such commission or after charging such commission.
In the absence of any such information, it is assumed that commission is allowed as a percentage of the net profit before charging such commission.
Net profit of the business is Rs. 220 before charging commission, If the manager is entitled to 15% of the profit before charging such commission, the commission will be: = Rs. 220 X 15/100 = Rs. 33
The manager of the business is sometimes given the commission on the net profit of the company. The percentage of the business is applied on the profit either before charging such commission or after charging such commission.
In the absence of any such information, it is assumed that commission is allowed as a percentage of the net profit before charging such commission.
Net profit of the business is Rs. 220 before charging commission, If the manager is entitled to 15% of the profit before charging such commission, the commission will be:
= Rs. 220 X 15/100
= Rs. 33
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