Question : A and B are partners sharing profit equally. C was the manager who received a salary of Rs. 8,000 per month, in addition to a commission of 5% on net profit after charging such a commission. Profit for the year is Rs. 56,000 before charging salary. Find out the total remuneration of C.
Option 1: Rs. 1,56,000
Option 2: Rs. 1,76,000
Option 3: Rs. 1,52,000
Option 4: Rs. 1,74,000
Answer (1)
19th Jan, 2024
Correct Answer: Rs. 1,56,000
Solution :
Answer =
Rs 1,56,000
Total remuneration of C=Salary+Commission
=96,000+$(13,56,000-96,000) \frac{\times 5}{105}$
=96000+60000=1,56,000
Hence, the correct option is 1.
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