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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?
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Verified Answer
A and B are partners sharing profits and losses in the ratio of 4:1. C...
Correct Answer :- a
Explanation : 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
Most Upvoted Answer
A and B are partners sharing profits and losses in the ratio of 4:1. C...
Given information:
- A and B are partners sharing profits and losses in the ratio of 4:1.
- C is a manager who receives 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 are Rs. 3,39,000 before charging C's salary.
To find: Total remuneration of C
Solution:
Step 1: Calculate the net profits after charging C's salary
- C's salary for the year = 2000 x 12 = Rs. 24,000
- Total profits before charging C's salary = Rs. 3,39,000
- Profits after charging C's salary = Total profits - C's salary = 3,39,000 - 24,000 = Rs. 3,15,000
Step 2: Calculate C's commission on net profits
- C's commission = 5% of net profits = 5% of 3,15,000 = Rs. 15,750
Step 3: Calculate C's total remuneration
- C's total remuneration = Salary + Commission = Rs. 24,000 + Rs. 15,750 = Rs. 39,750
Step 4: Calculate C's share of profits
- A and B's share of profits = 4:1
- Total share = 4 + 1 = 5
- C's share = 1/5 of profits = 1/5 x 3,39,000 = Rs. 67,800
Step 5: Calculate C's total earnings
- C's total earnings = Total remuneration + Share of profits = Rs. 39,750 + Rs. 67,800 = Rs. 1,07,550
Therefore, the correct option is (A) Rs. 39,000.
- A and B are partners sharing profits and losses in the ratio of 4:1.
- C is a manager who receives 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 are Rs. 3,39,000 before charging C's salary.
To find: Total remuneration of C
Solution:
Step 1: Calculate the net profits after charging C's salary
- C's salary for the year = 2000 x 12 = Rs. 24,000
- Total profits before charging C's salary = Rs. 3,39,000
- Profits after charging C's salary = Total profits - C's salary = 3,39,000 - 24,000 = Rs. 3,15,000
Step 2: Calculate C's commission on net profits
- C's commission = 5% of net profits = 5% of 3,15,000 = Rs. 15,750
Step 3: Calculate C's total remuneration
- C's total remuneration = Salary + Commission = Rs. 24,000 + Rs. 15,750 = Rs. 39,750
Step 4: Calculate C's share of profits
- A and B's share of profits = 4:1
- Total share = 4 + 1 = 5
- C's share = 1/5 of profits = 1/5 x 3,39,000 = Rs. 67,800
Step 5: Calculate C's total earnings
- C's total earnings = Total remuneration + Share of profits = Rs. 39,750 + Rs. 67,800 = Rs. 1,07,550
Therefore, the correct option is (A) Rs. 39,000.
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Community Answer
A and B are partners sharing profits and losses in the ratio of 4:1. C...
A option is Right answer
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
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 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 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 CA Foundation 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?.
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 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 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 CA Foundation 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?.
Solutions 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? in English & in Hindi are available as part of our courses for CA Foundation.
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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?, a detailed solution 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? has been provided alongside types of 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? theory, EduRev gives you an
ample number of questions to practice 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? tests, examples and also practice CA Foundation tests.
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