Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


 A firm pays commission to its manager @10%on profits arrived at after charging such commission.What will be the amount of commission if the profits before charging such commission is Rupee 22,000?

Answers were Sorted based on User's Feedback



 A firm pays commission to its manager @10%on profits arrived at after charging such commission..

Answer / shishir

2000

Is This Answer Correct ?    1 Yes 0 No

 A firm pays commission to its manager @10%on profits arrived at after charging such commission..

Answer / sarvjeet

Suppose Profit after commission is "a". Then commission would be "a X 10 /100 = 0.1a". It means profit before charging commission would be "a + 0.1a". Now. "a + 0.1a" = 22000; as given in problem. Solving this equation we get 1.1a = 22000. It means a = 22000/1.10. Or a = 20000. Since "a" was assumed to profit after commission in the starting. Amount of commission would be 20000*10% = 2000

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Accounting General Interview Questions

how to pass journal entries for reverse tax on input tax paid

0 Answers  


What is an accounting loss?

0 Answers  


What is the Difference Between Economy and Finance?

1 Answers   DMRC,


What do you mean by prepration of Balance sheet? how to explain this with example, please tell me if anybody knows this.

4 Answers  


i wana give an interview as sr. excise officer what r the question will asked by interviewer ??? Please suggest me so I can clear inteview.thank u

0 Answers  


If a promoter has purchased an asset on behalf of the company before the incorporation of the same then what will be the accounting treatment to record the asset in the books of company

0 Answers  


what is reccission?how it is started

1 Answers  


Please advise how to calculate net asset....

0 Answers   Ford,


WHAT ARE THE DIFFICULT ELEMENT OFF JOB

0 Answers  


What is the definition of accounting?

0 Answers  


How to approval an invoice

1 Answers   Accenture,


non cash or bank income or expense

0 Answers  


Categories