X and Y are partners sharing profits equally. Z was a manager who received a salary of ₹ 8,000 p.m. and in addition a commission of 5%
X and Y are partners sharing profits equally. Z was a manager who received a salary of ₹ 8,000 p.m. and in addition a commission of 5% on net profit after charging such commission. Profit for the year is ₹ 13,56,000 before charging salary. Find the total remuneration of Z.
a) ₹ 1,56,000
b) ₹ 1,76,000
c) ₹ 1,52,000
d) ₹ 1,74,000
Anurag Pathak Changed status to publish April 4, 2024
Ans – a)
Explanation:-
Salary of Z = 8,000 * 12 = ₹ 96,000
Net Profit before charging Z’s commission = 13,56,000 – 8000 * 12 = ₹ 12,60,000
Z’s Commission = 12,60,000 * 5/105 = ₹ 60,000
Total Remuneration of Z = Salary + Commission
Total Remuneration of Z = 96,000 + 60,000 = ₹ 1,56,000
Anurag Pathak Changed status to publish April 5, 2023
