P/L A/c balance (before commission) is Rs.1,320; manager's commission is 10%. Find the amount of manager's commission.
A
120
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B
0
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C
132
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D
110
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Solution
The correct option is C132 On Profits before charging such commission: Manager's commission = Net Profits X (Percentage of commission/ 100) Amount of manager's commission = 1,320×10100=132