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The general manager is entitled to a commission of 10%on net profit after charging commission of work manager. The work manager is entitled to a commission of 5%on net profit after charging commission if general manager. The profit before charging any commission is Rs7500. The commission of work manager to be nearest rupee will be:?
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The general manager is entitled to a commission of 10%on net profit af...
Calculation of Commissions
First, we need to calculate the commission of the general manager:
- Commission rate of general manager = 10%
- Net profit after charging commission of work manager = profit before any commission - (profit before any commission x commission rate of work manager)
- Net profit after charging commission of work manager = 7500 - (7500 x 5%) = 7125
- Commission of general manager = net profit after charging commission of work manager x commission rate of general manager
- Commission of general manager = 7125 x 10% = 712.5
Next, we need to calculate the commission of the work manager:
- Commission rate of work manager = 5%
- Commission of work manager = net profit after charging commission of general manager x commission rate of work manager
- Commission of work manager = (7500 - 712.5) x 5% = 339.38
Rounding off Commission
Finally, we need to round off the commission of the work manager to the nearest rupee. Since the decimal part is 0.38, we need to round it up to 1. Therefore, the commission of the work manager to the nearest rupee is Rs339.
Conclusion
The commission of the work manager to the nearest rupee is Rs339. To calculate the commissions of the general manager and work manager, we first need to determine the net profit after charging the commission of the other manager. Then, we can use the commission rates to calculate the commissions. Finally, we need to round off the commission of the work manager to the nearest rupee.
First, we need to calculate the commission of the general manager:
- Commission rate of general manager = 10%
- Net profit after charging commission of work manager = profit before any commission - (profit before any commission x commission rate of work manager)
- Net profit after charging commission of work manager = 7500 - (7500 x 5%) = 7125
- Commission of general manager = net profit after charging commission of work manager x commission rate of general manager
- Commission of general manager = 7125 x 10% = 712.5
Next, we need to calculate the commission of the work manager:
- Commission rate of work manager = 5%
- Commission of work manager = net profit after charging commission of general manager x commission rate of work manager
- Commission of work manager = (7500 - 712.5) x 5% = 339.38
Rounding off Commission
Finally, we need to round off the commission of the work manager to the nearest rupee. Since the decimal part is 0.38, we need to round it up to 1. Therefore, the commission of the work manager to the nearest rupee is Rs339.
Conclusion
The commission of the work manager to the nearest rupee is Rs339. To calculate the commissions of the general manager and work manager, we first need to determine the net profit after charging the commission of the other manager. Then, we can use the commission rates to calculate the commissions. Finally, we need to round off the commission of the work manager to the nearest rupee.
Community Answer
The general manager is entitled to a commission of 10%on net profit af...
Is this question correct ??
from where have you put up this question ?
because one commission would be charged after the other but here it says both are charged after each other ....
from where have you put up this question ?
because one commission would be charged after the other but here it says both are charged after each other ....
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The general manager is entitled to a commission of 10%on net profit after charging commission of work manager. The work manager is entitled to a commission of 5%on net profit after charging commission if general manager. The profit before charging any commission is Rs7500. The commission of work manager to be nearest rupee will be:?
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The general manager is entitled to a commission of 10%on net profit after charging commission of work manager. The work manager is entitled to a commission of 5%on net profit after charging commission if general manager. The profit before charging any commission is Rs7500. The commission of work manager to be nearest rupee will be:? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about The general manager is entitled to a commission of 10%on net profit after charging commission of work manager. The work manager is entitled to a commission of 5%on net profit after charging commission if general manager. The profit before charging any commission is Rs7500. The commission of work manager to be nearest rupee will be:? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The general manager is entitled to a commission of 10%on net profit after charging commission of work manager. The work manager is entitled to a commission of 5%on net profit after charging commission if general manager. The profit before charging any commission is Rs7500. The commission of work manager to be nearest rupee will be:?.
The general manager is entitled to a commission of 10%on net profit after charging commission of work manager. The work manager is entitled to a commission of 5%on net profit after charging commission if general manager. The profit before charging any commission is Rs7500. The commission of work manager to be nearest rupee will be:? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about The general manager is entitled to a commission of 10%on net profit after charging commission of work manager. The work manager is entitled to a commission of 5%on net profit after charging commission if general manager. The profit before charging any commission is Rs7500. The commission of work manager to be nearest rupee will be:? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The general manager is entitled to a commission of 10%on net profit after charging commission of work manager. The work manager is entitled to a commission of 5%on net profit after charging commission if general manager. The profit before charging any commission is Rs7500. The commission of work manager to be nearest rupee will be:?.
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The general manager is entitled to a commission of 10%on net profit after charging commission of work manager. The work manager is entitled to a commission of 5%on net profit after charging commission if general manager. The profit before charging any commission is Rs7500. The commission of work manager to be nearest rupee will be:?, a detailed solution for The general manager is entitled to a commission of 10%on net profit after charging commission of work manager. The work manager is entitled to a commission of 5%on net profit after charging commission if general manager. The profit before charging any commission is Rs7500. The commission of work manager to be nearest rupee will be:? has been provided alongside types of The general manager is entitled to a commission of 10%on net profit after charging commission of work manager. The work manager is entitled to a commission of 5%on net profit after charging commission if general manager. The profit before charging any commission is Rs7500. The commission of work manager to be nearest rupee will be:? theory, EduRev gives you an
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