Net Profit of business before charging commission is Rs 110,000 and manager is entitled to get commission of net profit before charging commission 10% p.a. , the commission will be calculated as Rs. _________.

11,000

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12,000

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13,000

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10,500

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Solution

The correct option is C 11,000
Commission on net profit before charging such commission
= 1,10,000 X 10 / 100
= 11,000.

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Net Profit of business before charging commission is Rs 110,000 and manager is entitled to get commission of net profit before charging commission 10% p.a. , the commission will be calculated as Rs. _________.

The correct option is C 11,000Commission on net profit before charging such commission = 1,10,000 X 10 / 100 = 11,000.

The correct option is C 11,000
Commission on net profit before charging such commission
= 1,10,000 X 10 / 100
= 11,000.