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CBSE Class 12-commerce Answered

A and B entitled commission of 4% each after charging such commission  net profit of firm was 37800    
Asked by Manish9306314535 | 16 Sep, 2019, 03:00: PM
answered-by-expert Expert Answer
Let the net profit after charging commission for both the partners be Rs.x
Therefore, 
x = Net Profit - 4% of x (for A)- 4% of x (for B)
x = 37,800 - 0.04x - 0.04x
x + 0.04+0.04 = 37,800
1.08x = 37,800
x = 37,800 / 1.08
x = 35,000
 
Therefore, the amount of profit after charging commission is Rs.35,000 and the commission for A and B will be 4% of 35,000 = Rs.1,400 each.
Answered by Surabhi Gawade | 16 Sep, 2019, 04:28: PM

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