Abha, Bobby, and Vineet are partners sharing profits and losses equally. As per Partnership Deed, Vineet is entitled to a commission of 10% on

Abha, Bobby, and Vineet are partners sharing profits and losses equally. As per Partnership Deed, Vineet is entitled to a commission of 10% on the net profit after charging such commission. Net Profit before charging commission is ₹ 2,20,000.

Determine the amount of commission payable to Vineet.

[Ans: Commission payable to Vineet – ₹ 20,000]