P and q are partners sharing profits in the ratio 1:2. R was a manager who received salary of rs 10000 pm in addition to commission of 10% on ner profits after changing such commission. Total remuneration to r amounted to rs 180000. Profit for the year before charging salary and commission was ?
Dear Student, R's Commission = 180,000 - 120,000(salary) = 60,000 Net Profit x (R/100+R) = Manager Commission after charging such commission Net Profit = 60,000 x (110/10) Net Profit = 60,000 x 11 = 6,60,000