Net profit of a firm before charging manger's commission is Rs 21,000. If the manager is entitled to 5% commission after charging such commission, how much manager will get as commission?

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Solution

Manager's Commission
= $N e t P r o f i t \times \frac{R a t e}{100 + R a t e}$
= $R s . 21, 000 \times \frac{5}{105} = R s . 1, 000$

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Net profit of a firm before charging manger's commission is Rs 21,000. If the manager is entitled to 5% commission after charging such commission, how much manager will get as commission?

Manager's Commission= NetProfit×Rate100+Rate = Rs.21,000×5105=Rs. 1,000

Manager's Commission
= $N e t P r o f i t \times \frac{R a t e}{100 + R a t e}$
= $R s . 21, 000 \times \frac{5}{105} = R s . 1, 000$