1)The general manager is to be given commission of 10% after charging the commission of works manager and his own on net profits 2) The works manager is to be given commission of 5% after charging commission of works manager and his own on net profits 3) Net profit before charging commission 82960
Answer (1)
10th Jan, 2020
I hope this helps
1)Before charging the commission, the Net Profit is Rs. 2,200
The amount of commission = 2,200 x 10/100 = Rs 220
2)Commission payable = 10% on Net Profit (after charging the commission)
If Net Profit is Rs. 100, Commission payable = Rs. 10
Thus profit before charging the commission = 100 + 10 = 110
Of Rs. 110, Rs. 10 is commission payable and the balance Rs. 110- Rs. 10 = Rs. 100 is the profit, left after charging the commission.
3)Here Rs. 2.200 is equal to 110%
Therefore 10% = 2,200/110 x 10 =Rs. 200
On verification, the manager gets 10% commission on Net profit, after charging such amount:
Thus percentage of commission = 200/2,000 x 100 = 10%
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