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A and B are partners sharing profits and losses in the ratio of 4:1. X was manager who received the salary of Rs.2,000 p.m. In addition to a commission of 5% on net profits after charging such commission. Profit for the year is Rs.3,39,000 before charging salary. Find the total remuneration of X.?
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A and B are partners sharing profits and losses in the ratio of 4:1. X...
Given Information:
- A and B are partners sharing profits and losses in the ratio of 4:1.
- X is the manager who receives a salary of Rs.2,000 per month.
- X also receives a commission of 5% on net profits after charging such commission.
- The profit for the year is Rs.3,39,000 before charging the salary.
Calculating Profits:
To calculate the profits, we need to find the net profit after charging the salary of X.
- X's salary for the year = Rs.2,000 x 12 = Rs.24,000
- Net profit before charging the salary = Rs.3,39,000
- Net profit after charging the salary = Net profit before charging the salary - X's salary = Rs.3,39,000 - Rs.24,000 = Rs.3,15,000
Calculating X's Commission:
To calculate X's commission, we need to find 5% of the net profit after charging the salary.
- X's commission = 5% of (Net profit after charging the salary) = 5% of Rs.3,15,000 = (5/100) x Rs.3,15,000 = Rs.15,750
Calculating X's Total Remuneration:
To calculate X's total remuneration, we need to add X's salary and commission.
- X's total remuneration = X's salary + X's commission = Rs.24,000 + Rs.15,750 = Rs.39,750
Therefore, the total remuneration of X (including salary and commission) is Rs.39,750.
- A and B are partners sharing profits and losses in the ratio of 4:1.
- X is the manager who receives a salary of Rs.2,000 per month.
- X also receives a commission of 5% on net profits after charging such commission.
- The profit for the year is Rs.3,39,000 before charging the salary.
Calculating Profits:
To calculate the profits, we need to find the net profit after charging the salary of X.
- X's salary for the year = Rs.2,000 x 12 = Rs.24,000
- Net profit before charging the salary = Rs.3,39,000
- Net profit after charging the salary = Net profit before charging the salary - X's salary = Rs.3,39,000 - Rs.24,000 = Rs.3,15,000
Calculating X's Commission:
To calculate X's commission, we need to find 5% of the net profit after charging the salary.
- X's commission = 5% of (Net profit after charging the salary) = 5% of Rs.3,15,000 = (5/100) x Rs.3,15,000 = Rs.15,750
Calculating X's Total Remuneration:
To calculate X's total remuneration, we need to add X's salary and commission.
- X's total remuneration = X's salary + X's commission = Rs.24,000 + Rs.15,750 = Rs.39,750
Therefore, the total remuneration of X (including salary and commission) is Rs.39,750.
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A and B are partners sharing profits and losses in the ratio of 4:1. X was manager who received the salary of Rs.2,000 p.m. In addition to a commission of 5% on net profits after charging such commission. Profit for the year is Rs.3,39,000 before charging salary. Find the total remuneration of X.?
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A and B are partners sharing profits and losses in the ratio of 4:1. X was manager who received the salary of Rs.2,000 p.m. In addition to a commission of 5% on net profits after charging such commission. Profit for the year is Rs.3,39,000 before charging salary. Find the total remuneration of X.? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about A and B are partners sharing profits and losses in the ratio of 4:1. X was manager who received the salary of Rs.2,000 p.m. In addition to a commission of 5% on net profits after charging such commission. Profit for the year is Rs.3,39,000 before charging salary. Find the total remuneration of X.? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B are partners sharing profits and losses in the ratio of 4:1. X was manager who received the salary of Rs.2,000 p.m. In addition to a commission of 5% on net profits after charging such commission. Profit for the year is Rs.3,39,000 before charging salary. Find the total remuneration of X.?.
A and B are partners sharing profits and losses in the ratio of 4:1. X was manager who received the salary of Rs.2,000 p.m. In addition to a commission of 5% on net profits after charging such commission. Profit for the year is Rs.3,39,000 before charging salary. Find the total remuneration of X.? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about A and B are partners sharing profits and losses in the ratio of 4:1. X was manager who received the salary of Rs.2,000 p.m. In addition to a commission of 5% on net profits after charging such commission. Profit for the year is Rs.3,39,000 before charging salary. Find the total remuneration of X.? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B are partners sharing profits and losses in the ratio of 4:1. X was manager who received the salary of Rs.2,000 p.m. In addition to a commission of 5% on net profits after charging such commission. Profit for the year is Rs.3,39,000 before charging salary. Find the total remuneration of X.?.
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A and B are partners sharing profits and losses in the ratio of 4:1. X was manager who received the salary of Rs.2,000 p.m. In addition to a commission of 5% on net profits after charging such commission. Profit for the year is Rs.3,39,000 before charging salary. Find the total remuneration of X.?, a detailed solution for A and B are partners sharing profits and losses in the ratio of 4:1. X was manager who received the salary of Rs.2,000 p.m. In addition to a commission of 5% on net profits after charging such commission. Profit for the year is Rs.3,39,000 before charging salary. Find the total remuneration of X.? has been provided alongside types of A and B are partners sharing profits and losses in the ratio of 4:1. X was manager who received the salary of Rs.2,000 p.m. In addition to a commission of 5% on net profits after charging such commission. Profit for the year is Rs.3,39,000 before charging salary. Find the total remuneration of X.? theory, EduRev gives you an
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