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The manager earned a commission of RS.25,000 which is based on 10 percentage of net profit. If sales is RS.3,50,000 is more than purchase. No opening & closing stock. Find amount of expenses? (a) Rs.75,000 (b) Rs.1,00,000 (c) Rs.2,50,000 (d) Rs. Not attainable
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The manager earned a commission of RS.25,000 which is based on 10 perc...
75000because the commission is 10% of sales and no open and closed inventoryso that sales will be 250000 and sales is 350000so 350000-25000=325000325000-250000=75000
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The manager earned a commission of RS.25,000 which is based on 10 perc...
Or closing stock is given. Find the net profit.
Let the net profit be x.
According to the question,
Commission earned by the manager = 10% of x = Rs. 25,000
=> (10/100)x = 25,000
=> x = 25,000 x 10
=> x = Rs. 2,50,000
Now, we know that the sales is Rs. 3,50,000 more than the purchase.
=> Sales - Purchase = Rs. 3,50,000
We also know that,
Profit = Sales - Purchase
=> x = Sales - Purchase
=> x = (Purchase + Rs. 3,50,000) - Purchase
=> x = Rs. 3,50,000
Therefore, the net profit is Rs. 3,50,000.
Let the net profit be x.
According to the question,
Commission earned by the manager = 10% of x = Rs. 25,000
=> (10/100)x = 25,000
=> x = 25,000 x 10
=> x = Rs. 2,50,000
Now, we know that the sales is Rs. 3,50,000 more than the purchase.
=> Sales - Purchase = Rs. 3,50,000
We also know that,
Profit = Sales - Purchase
=> x = Sales - Purchase
=> x = (Purchase + Rs. 3,50,000) - Purchase
=> x = Rs. 3,50,000
Therefore, the net profit is Rs. 3,50,000.
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The manager earned a commission of RS.25,000 which is based on 10 percentage of net profit. If sales is RS.3,50,000 is more than purchase. No opening & closing stock. Find amount of expenses? (a) Rs.75,000 (b) Rs.1,00,000 (c) Rs.2,50,000 (d) Rs. Not attainable
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The manager earned a commission of RS.25,000 which is based on 10 percentage of net profit. If sales is RS.3,50,000 is more than purchase. No opening & closing stock. Find amount of expenses? (a) Rs.75,000 (b) Rs.1,00,000 (c) Rs.2,50,000 (d) Rs. Not attainable 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 The manager earned a commission of RS.25,000 which is based on 10 percentage of net profit. If sales is RS.3,50,000 is more than purchase. No opening & closing stock. Find amount of expenses? (a) Rs.75,000 (b) Rs.1,00,000 (c) Rs.2,50,000 (d) Rs. Not attainable covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The manager earned a commission of RS.25,000 which is based on 10 percentage of net profit. If sales is RS.3,50,000 is more than purchase. No opening & closing stock. Find amount of expenses? (a) Rs.75,000 (b) Rs.1,00,000 (c) Rs.2,50,000 (d) Rs. Not attainable.
The manager earned a commission of RS.25,000 which is based on 10 percentage of net profit. If sales is RS.3,50,000 is more than purchase. No opening & closing stock. Find amount of expenses? (a) Rs.75,000 (b) Rs.1,00,000 (c) Rs.2,50,000 (d) Rs. Not attainable 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 The manager earned a commission of RS.25,000 which is based on 10 percentage of net profit. If sales is RS.3,50,000 is more than purchase. No opening & closing stock. Find amount of expenses? (a) Rs.75,000 (b) Rs.1,00,000 (c) Rs.2,50,000 (d) Rs. Not attainable covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The manager earned a commission of RS.25,000 which is based on 10 percentage of net profit. If sales is RS.3,50,000 is more than purchase. No opening & closing stock. Find amount of expenses? (a) Rs.75,000 (b) Rs.1,00,000 (c) Rs.2,50,000 (d) Rs. Not attainable.
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