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Net profit before charging manager's commission is Rs.49,500 and the manager is to be allowed a commission of 10% on the profit after charging such commission. Commission amount will be___
- a)Rs.5,000
- b)Rs.4,950
- c)Rs.4,500
- d)None
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
Net profit before charging manager's commission is Rs.49,500 and t...
To find the commission amount, we need to calculate the profit after charging the commission and then calculate 10% of that profit.
Given:
Net profit before charging managers commission = Rs. 49,500
Let's assume the profit after charging the commission to be x.
Profit after charging commission = Net profit before charging managers commission - Commission amount
x = Rs. 49,500 - Commission amount
Now, the manager is allowed a commission of 10% on the profit after charging the commission. So,
Commission amount = 10% of (Profit after charging commission)
Commission amount = 0.1 * x
Substituting the value of x from the first equation, we get:
Commission amount = 0.1 * (Rs. 49,500 - Commission amount)
Simplifying the equation:
Commission amount = 4,950 - 0.1 * Commission amount
1.1 * Commission amount = Rs. 4,950
Commission amount = Rs. 4,950 / 1.1
Commission amount = Rs. 4,500
Therefore, the commission amount is Rs. 4,500.
Hence, option C is the correct answer.
Given:
Net profit before charging managers commission = Rs. 49,500
Let's assume the profit after charging the commission to be x.
Profit after charging commission = Net profit before charging managers commission - Commission amount
x = Rs. 49,500 - Commission amount
Now, the manager is allowed a commission of 10% on the profit after charging the commission. So,
Commission amount = 10% of (Profit after charging commission)
Commission amount = 0.1 * x
Substituting the value of x from the first equation, we get:
Commission amount = 0.1 * (Rs. 49,500 - Commission amount)
Simplifying the equation:
Commission amount = 4,950 - 0.1 * Commission amount
1.1 * Commission amount = Rs. 4,950
Commission amount = Rs. 4,950 / 1.1
Commission amount = Rs. 4,500
Therefore, the commission amount is Rs. 4,500.
Hence, option C is the correct answer.
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Community Answer
Net profit before charging manager's commission is Rs.49,500 and t...
1) As manager is to be allowed a commission on profit after charging such commission
therefore
49,500 × 10/110 = 4,500
2) if it is stated in question like on profit before charging such commission than it will be
49,500 × 10/100 = 4,950
hope it is clear now!
therefore
49,500 × 10/110 = 4,500
2) if it is stated in question like on profit before charging such commission than it will be
49,500 × 10/100 = 4,950
hope it is clear now!
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Net profit before charging manager's commission is Rs.49,500 and the manager is to be allowed a commission of 10% on the profit after charging such commission. Commission amount will be___a)Rs.5,000b)Rs.4,950c)Rs.4,500d)NoneCorrect answer is option 'C'. Can you explain this answer?
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Net profit before charging manager's commission is Rs.49,500 and the manager is to be allowed a commission of 10% on the profit after charging such commission. Commission amount will be___a)Rs.5,000b)Rs.4,950c)Rs.4,500d)NoneCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Net profit before charging manager's commission is Rs.49,500 and the manager is to be allowed a commission of 10% on the profit after charging such commission. Commission amount will be___a)Rs.5,000b)Rs.4,950c)Rs.4,500d)NoneCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Net profit before charging manager's commission is Rs.49,500 and the manager is to be allowed a commission of 10% on the profit after charging such commission. Commission amount will be___a)Rs.5,000b)Rs.4,950c)Rs.4,500d)NoneCorrect answer is option 'C'. Can you explain this answer?.
Net profit before charging manager's commission is Rs.49,500 and the manager is to be allowed a commission of 10% on the profit after charging such commission. Commission amount will be___a)Rs.5,000b)Rs.4,950c)Rs.4,500d)NoneCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Net profit before charging manager's commission is Rs.49,500 and the manager is to be allowed a commission of 10% on the profit after charging such commission. Commission amount will be___a)Rs.5,000b)Rs.4,950c)Rs.4,500d)NoneCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Net profit before charging manager's commission is Rs.49,500 and the manager is to be allowed a commission of 10% on the profit after charging such commission. Commission amount will be___a)Rs.5,000b)Rs.4,950c)Rs.4,500d)NoneCorrect answer is option 'C'. Can you explain this answer?.
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