Question : A manager gets a 5% commission on net profit after charging such a commission. Gross profit is Rs. 5,80,000, and indirect expenses other than the manager's commission are Rs. 1,60,000. The commission amount will be

Option 1: Rs. 21,000

Option 2: Rs. 20,000

Option 3: Rs. 13,000

Option 4: Rs. 22,000

Question : Net profit before commission has been Rs.1,20,000. Partner's commission is 20% of net profit before charging such commission. The amount of partner's commission is:

Option 1: Rs.25,000

Option 2: Rs.24.000

Option 3: Rs.20,000

Option 4: Rs.22,000

Question : K and P are partners in a firm which earned a profit of Rs.1,20,000 for the year. K is entitled to a commission of 20% of net profit after charging such commission. The amount of commission K will receive is:

Option 1: Rs.24,000

Option 2: Rs.20,000

Option 3: Rs.22,000

Option 4: None of these

Question : X and Y are partners with capitals of Rs 3,00,000 and 2,50,000, respectively. They are entitled to interest on capital @ 6% p.a. The Firm earned a profit of Rs 55,000 after charging interest on capital. If the manager is entitled to 10% of net profit before charging his commission, the manager's commission will be

Option 1: Rs 3,200

Option 2: Rs 5,500

Option 3: Rs 4,000

Option 4: Rs 8,800

Question : X and Y are partners with capitals of Rs 3,00,000 and 2,50,000, respectively. They are entitled to interest on capital @ 6% p.a. The Firm earned a profit of Rs 55,000 after charging interest on capital. If the manager is entitled to 10% of net profit before charging his commission, the manager's commission will be

Option 1: Rs 3,200

Option 2: Rs 5,500

Option 3: Rs 4,000

Option 4: Rs 8,800