CA Foundation Exam > CA Foundation Questions > The manager earned a commission of RS.25,000 ...
Start Learning for Free
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
Most Upvoted Answer
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
Community Answer
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.
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
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
Question Description
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.
Solutions 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 in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of 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 defined & explained in the simplest way possible. Besides giving the explanation of
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, a detailed solution 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 has been provided alongside types of 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 theory, EduRev gives you an
ample number of questions to practice 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 tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up
within 7 days!
within 7 days!
Takes less than 10 seconds to signup