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?
- 2 Answers
- 4085 Views
- I also Faced
- E-Mail Answers
Answer Posted / 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 View All Answers
I purchase a material with vat@4% and want to sale it to a bihar cliet.what will be charged as cst.Narrate me as brakewise.It is very urgent to mine.
What is mutual fund sub accounting?
What is finance lease? What are bonus Shares? entry for it. What is Depreciation? What is the Journal Entry? What is DPS? What is minority Interest? where it is shown?
What is accounts receivable?
hi ,i need some suggestion,comptd my graduation in 2012,but i wasted my time for 6 month,just i want 2 escape from this question,what u did for 6 months,how can i give proper anser to them?pls suggest me
Explain me the term material facts in accounting?
what is the head for stock trnasfer
Why did you choose the a-levels you did?
cost of lease=20,000.refundable deposits 2000 (after 4 years).annuity value for 4 years @5% is .2820.find the net charge to p&l a/c
What are the different branches of accounting?
Explain purchase day book.
what is t code of journal voucher report with amount?
What is meant by balancing?
salary payable deduct tds entry
Cello pen gross value is 935.89 for 12 nos 14.5% tax
