Shiv, Mohan, and Gopal are partners sharing profits and losses in the ratio of 2 : 2 : 1. Shiv is entitled to a commission of 10% on the net profit
Shiv, Mohan, and Gopal are partners sharing profits and losses in the ratio of 2 : 2 : 1. Shiv is entitled to a commission of 10% on the net profit. Net Profit for the year is ₹ 1,10,000.
Determine the amount of commission payable to Shiv.
[Ans: Commission payable to Shiv – ₹ 11,000]
Anurag Pathak Changed status to publish April 11, 2024
