Question

Amit, Sumit and Kiara are partners sharing profits and Losses in the ratio 2: 2: 1. Sumit is entitled to a commission of 15% on the net profit after charging such commission. The net profit before charging commission is ₹ 9,20,000. The amount of commission payable to Sumit will be ______.

विकल्प

• ₹ 1,20,000

• ₹ 1,38,000

• ₹ 48,000

• ₹ 55,200

Answer 1

Amit, Sumit and Kiara are partners sharing profits and Losses in the ratio 2: 2: 1. Sumit is entitled to a commission of 15% on the net profit after charging such commission. The net profit before charging commission is ₹ 9,20,000. The amount of commission payable to Sumit will be ₹ 1,20,000.

Explanation: 

Commission payable to Sumit = `₹ 9,20,000 xx 15/((100 + 15)) `

` = ₹ 9,20,000 xx 15/115`

= ₹ 1,20,000