Commerce Exam  >  Commerce Questions  >  Net profit of a firm before charging mangers ... Start Learning for Free
Net profit of a firm before charging mangers commission is ₹143000. If manager is entitled to 10% commission after charging his commission, his commission will be?
Most Upvoted Answer
Net profit of a firm before charging mangers commission is ₹143000. If...
Calculation of Manager's Commission


Given Information:


  • Net profit of the firm before charging manager's commission is ₹143000

  • Manager is entitled to 10% commission



Calculation:

Manager's commission is calculated on the net profit of the firm after deducting his commission.

Let the manager's commission be x.


  • Net profit of the firm after charging manager's commission = ₹143000 - x

  • Manager's commission = 10% of (₹143000 - x)



Equation:

Putting the above values in the equation:

x = 0.1(₹143000 - x)

Solving this equation:


  • x = ₹14300 - 0.1x

  • 1.1x = ₹14300

  • x = ₹13000



Conclusion:

The manager's commission is ₹13000.
Community Answer
Net profit of a firm before charging mangers commission is ₹143000. If...
13000
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
Explore Courses for Commerce exam

Similar Commerce Doubts

Top Courses for Commerce

Net profit of a firm before charging mangers commission is ₹143000. If manager is entitled to 10% commission after charging his commission, his commission will be?
Question Description
Net profit of a firm before charging mangers commission is ₹143000. If manager is entitled to 10% commission after charging his commission, his commission will be? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Net profit of a firm before charging mangers commission is ₹143000. If manager is entitled to 10% commission after charging his commission, his commission will be? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Net profit of a firm before charging mangers commission is ₹143000. If manager is entitled to 10% commission after charging his commission, his commission will be?.
Solutions for Net profit of a firm before charging mangers commission is ₹143000. If manager is entitled to 10% commission after charging his commission, his commission will be? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of Net profit of a firm before charging mangers commission is ₹143000. If manager is entitled to 10% commission after charging his commission, his commission will be? defined & explained in the simplest way possible. Besides giving the explanation of Net profit of a firm before charging mangers commission is ₹143000. If manager is entitled to 10% commission after charging his commission, his commission will be?, a detailed solution for Net profit of a firm before charging mangers commission is ₹143000. If manager is entitled to 10% commission after charging his commission, his commission will be? has been provided alongside types of Net profit of a firm before charging mangers commission is ₹143000. If manager is entitled to 10% commission after charging his commission, his commission will be? theory, EduRev gives you an ample number of questions to practice Net profit of a firm before charging mangers commission is ₹143000. If manager is entitled to 10% commission after charging his commission, his commission will be? tests, examples and also practice Commerce tests.
Explore Courses for Commerce exam

Top Courses for Commerce

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev