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A 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
A and B are partners sharing profits and losses in the ratio of 4:1. C...
Total remuneration of C can be calculated by considering the salary and commission earned by C.

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 per month.
- C also receives a commission of 5% on net profits after charging such commission.
- Profits for the year is Rs. 3,39,000 before charging the salary.

Let's calculate the commission earned by C.

1. Calculate the net profits after charging the salary:
- Salary per year = Rs. 2000 per month * 12 months = Rs. 24,000
- Net profits after charging the salary = Total profits - Salary
= Rs. 3,39,000 - Rs. 24,000
= Rs. 3,15,000

2. Calculate the commission on net profits:
- Commission = 5% of Net Profits
= (5/100) * Rs. 3,15,000
= Rs. 15,750

Now, let's calculate the total remuneration of C.

1. Salary earned by C = Rs. 24,000
2. Commission earned by C = Rs. 15,750
3. Total remuneration of C = Salary + Commission
= Rs. 24,000 + Rs. 15,750
= Rs. 39,750

Therefore, the total remuneration of C is Rs. 39,750, which is option 'A'.
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Community Answer
A and B are partners sharing profits and losses in the ratio of 4:1. C...
C salary = 2000 × 12
= 24000
profit after giving c salary= 339000-24000=315000
commission= (315000×5)÷105
= 15000
total salary of c = 24000 + 15000
= 39000
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A 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. 39,000b)Rs. 44,000c)Rs. 43,500d)Rs. 38,000Correct answer is option 'A'. Can you explain this answer?
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A 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. 39,000b)Rs. 44,000c)Rs. 43,500d)Rs. 38,000Correct answer is option 'A'. Can you explain this answer? 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. 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. 39,000b)Rs. 44,000c)Rs. 43,500d)Rs. 38,000Correct answer is option 'A'. Can you explain this answer? 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. 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. 39,000b)Rs. 44,000c)Rs. 43,500d)Rs. 38,000Correct answer is option 'A'. Can you explain this answer?.
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