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and B are partners sharing profits and losses in the ratio of 4:1. C was a manager who received the salary of Rs. 2000 p.m. in addition to a commission of 5% on net profits after charging such commission. Profits for the year is Rs. 3,39,000 before charging salary. Find total remuneration of C: a)Rs. 39,000 b)Rs. 44,000 c)Rs. 43,500 d)Rs. 38,000 Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
?and B are partners sharing profits and losses in the ratio of 4:1. C ...
1) Manager salary = ₹ 2000 × 12 = 24000
2) Commission which is 5 % on net profit after charging such commission, for this first you need to calculate the exact profit
The profit given to you in this question is before charging salary.. therefore exact profit is
₹ 3,39,000 - ₹ 24000 = ₹ 3,15,000
Now commission is ₹ 3,15,000 × 5/105 = ₹ 15,000

Now Adding 1 & 2
₹ ( 24,000 + 15,000) = ₹ 39,000

hope it's clear now.!
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?and B are partners sharing profits and losses in the ratio of 4:1. C ...
Solution:

Given:
- A and B are partners sharing profits and losses in the ratio of 4:1.
- C is a manager who received a salary of Rs. 2000 p.m.
- C also receives a commission of 5% on net profits after charging such commission.
- Profits for the year are Rs. 3,39,000 before charging the salary.

To find: Total remuneration of C.

Step 1: Calculate the net profits after charging the salary.
- The salary of C for the year is Rs. 2000 x 12 = Rs. 24,000.
- Therefore, the net profits after charging the salary would be Rs. 3,39,000 - Rs. 24,000 = Rs. 3,15,000.

Step 2: Calculate the commission received by C.
- The commission is 5% of the net profits after charging the commission.
- Commission = 5% of Rs. 3,15,000 = (5/100) x Rs. 3,15,000 = Rs. 15,750.

Step 3: Calculate the total remuneration of C.
- Total remuneration = Salary + Commission = Rs. 24,000 + Rs. 15,750 = Rs. 39,750.

Therefore, the total remuneration of C is Rs. 39,750.

Hence, the correct answer is option A) Rs. 39,000.
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?and B are partners sharing profits and losses in the ratio of 4:1. C was a manager who received the salary of Rs. 2000 p.m. in addition to a commission of 5% on net profits after charging such commission. Profits for the year is Rs. 3,39,000 before charging salary. Find total remuneration of C: a)Rs. 39,000 b)Rs. 44,000 c)Rs. 43,500 d)Rs. 38,000 Correct answer is option 'A'. Can you explain this answer?
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?and B are partners sharing profits and losses in the ratio of 4:1. C was a manager who received the salary of Rs. 2000 p.m. in addition to a commission of 5% on net profits after charging such commission. Profits for the year is Rs. 3,39,000 before charging salary. Find total remuneration of C: a)Rs. 39,000 b)Rs. 44,000 c)Rs. 43,500 d)Rs. 38,000 Correct answer is option 'A'. 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 ?and B are partners sharing profits and losses in the ratio of 4:1. C was a manager who received the salary of Rs. 2000 p.m. in addition to a commission of 5% on net profits after charging such commission. Profits for the year is Rs. 3,39,000 before charging salary. Find total remuneration of C: a)Rs. 39,000 b)Rs. 44,000 c)Rs. 43,500 d)Rs. 38,000 Correct answer is option 'A'. 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 ?and B are partners sharing profits and losses in the ratio of 4:1. C was a manager who received the salary of Rs. 2000 p.m. in addition to a commission of 5% on net profits after charging such commission. Profits for the year is Rs. 3,39,000 before charging salary. Find total remuneration of C: a)Rs. 39,000 b)Rs. 44,000 c)Rs. 43,500 d)Rs. 38,000 Correct answer is option 'A'. Can you explain this answer?.
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