A manager is entitled to receive a commission @ 5% on net profit after charging such commission. If the net profit before charging commission is ₹ 52,500, his commission will be. (एक प्रबन्धक को उस शुद्ध लाभ पर 5% कमीशन पाने का अधिकार है, जो कमीशन लिखने के बाद आता है। यदि कमीशन लिखने के पहले शुद्ध लाभ ₹ 52,500 हो, तो उसका कमीशन होगा)a.₹ 2,625b.₹ 2,500c.₹ 5,250d.₹ 3,000

Om and shiv are partners in a firm. Om is entitled to a salary of ₹20,000 p.a. and commission of10% of Net profit before charging the commission. Shiv is entitled to a salary of ₹50,000 p.a.with commission of 10% of Net Profit after charging all commission.Profit after charging salary but before charging any commission for the year was ₹5, 50,000.9. Om’s Commission will be:(a) ₹ 50,000 (b) ₹ 52,000 (c) ₹ 84,000 (d) ₹ 60,00010. Shiv’s commission will be:(a) ₹ 40,000 (b) ₹ 42,364 (c) ₹42,500 (d) ₹ 47,500

Ten years ago, Mrs Ong bought a condominium for $1 000 000. Now she intends to sell the condominium to make a profit of 15% on the amount she had paid for.The table below shows the standard commissions of property agents for the sale of condominiums.  Buyer paysSeller paysCommission1%2%Her property agent manages to sell the condominium.Mrs Ong makes a bank transfer based on the percentage given in the table above to pay the commission. Calculate the amount of commission paid by Mrs Ong to her property agent.Answer $………………………………

Q 18. The partners of a firm distributed the profits for the year ended 31st March, 2019, ₹90,000 in theratio of 3:2:1 without providing for the following adjustments:(i) A and B were entitled to a salary of 1,500 each per annum.(ii) B was entitled to a commission of 4,500.(iii) B and C had guaranteed a minimum profit of 35,000 p.a. to A.(iv) Profits were to be shared in the ratio of 3:3:2.Pass necessary journal entry for the above adjustments in the boo

A shopkeeper marked up the price of an article by 40% above cost price and he allows 25% discount on marked price. If shopkeeper earns Rs. 420 as profit, then find his profit (in Rs.) when he allows discount of 20% instead of 25%?

Which of the following describes commission?Question 2AnswerA.The commission is the discount given on a purchase.B.Commission is the interest earned on a savings account.C.The commission is the fee charged by a bank for a loan.D.Commission is a percentage of sales earned by a salesperson.