Partnership

Accounting

Medium

Calculate manager's commission at 10% on Net profit, if the Divisible profit of a firm is Rs. 10,000, salary to partners is Rs. 3000 and Interest on drawings is Rs. 2000.

Rs. 1500

Rs. 900

Rs. 1100

Rs. 1000

✅ Correct Option: 3

Net Profit (on which commission is calculated) = Divisible Profit + Salary to Partners - Interest on Drawings

$= 10{,}000 + 3{,}000 - 2{,}000 = 11{,}000$

Manager's Commission = $10\%$ of $11{,}000 = 1{,}100$ .

Note: The figure of Rs. 11,000 is treated as net profit after commission; the manager's commission is then 10% of this base, which matches Rs. 1,100 among the given options.

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Calculate manager's commission at 10% on Net profit, if the Divisible profit of a firm is Rs. 10,000, salary to partners is Rs. 3000 and Interest on drawings is Rs. 2000.

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