Get Advice on Live Video Call
Earn $ Cash $ with
consultations on Bissoy App

X and Y are partners in a firm. X is entitled to a salary of Rs. 2,000 per month together with a commission of 10% of net profit before chargin any commission. Y is entitled to a salary of Rs. 5000 per annum together with a commission of 10% of net profit after charging all commissions. Net profit before charging any commission for the year was Rs. 55,000. What will be the net profits to be distributed to X and Y respectively?

Correct Answer: Rs. 22,500 and Rs. 22,500

X, the Works manager, gets 5% commission of net profits after charging his commission and Y's commission. Y, the General Manager, gets 10% commission on net profits after charging his commission and X's commission. If the profit before charging commission of X and Y is Rs. 1,000, the commission of X will be:

The General Manager is entitled to a comission of 10% on net profit after charging the commission of Works Manager. The Works Manager is entitled to a commission of 5% on the net profits after charging the commission of General Manager. The profit before charging any commission is Rs. 7,500. The commission of the Works manager, to the nearest rupee, will be:

The general manager is entitled to a commission of 10% on net profit after charging the commission of works manager. The works manager is entitled to a commission of 5% on the net profit after charging the commission of general manager. The profit before charging any commission is Rs. 7,000. The commission of the works manager, to the nearest rupee, will be

A and B are partners with a profit-sharing ratio of 2 : 1 and capitals of Rs. 3,00,000 and Rs. 2,00,000, respectively. They are allowed 6% per annum interest on their cap itals and are charged 10% per annum interest on their drawings. Their drawings during the year were Rs. 60,000 for A and Rs. 40,000 for B. B's share of net profit as per profit and loss appropriation account amounted to Rs. 40,000. The net profit of the firm before any appropriation was

What is the total monthly salary of Vasu ? I. Vasu's basic salary is Rs 100 more than Rajan's salary who also serves in Vasu's company. II. Other allowances drawn by Rajan besides his basic salary are Rs 2000 per month which is Rs 50 less than Vasu's salary. III. Rajan's basic salary is Rs 1550 per month.

Question : What is the total monthly salary of Vasu ?

Statements :
I. Vasu's basic salary is Rs 100 more than Rajan's salary who also serves in Vasu's company.
II. Other allowances drawn by Rajan besides his basic salary are Rs 2000 per month which is Rs 50 less than Vasu's salary.
III. Rajan's basic salary is Rs 1550 per month.

A sales executive gets 20% bonus of the total sales value and 10% commission besides the bonus on the net profit after charging such commission. If the total sales value be Rs. 10 lakh per annum and the total profit of the company be Rs. 1.32 lakh, then his total earning per annum will be, given that he is not entitled to receive any fixed salary from the company :

There are three categories of jobs A, B and C. The average salary of the student who got the job of A and B categories is 26 lakh per annum. The average salary of the students who got the job of B and C category is 44 lakh per annum and the average salary of those students who got the job of A and C categories is 34 lakh per annum. The most appropriate (or closet) range of average salary of all the three categories (if it is known that each student gets only one category of jobs i.e. , A, B and C):

what is the monthly salary of Rahman ? Statements : 1. Rahman's basic salary is Tk. 100 more Rajan's salary who also serves in Rahman's company. 2. Other allowances drawn by Rajan besides his basic salary are Tk. 2,000 per month which is TK. 50 less than Rahan's salary . 3. Rajan's basic salary is TK. 1550 per month.

Which of the following statements are correct in relation to 'administrative control' of forums and commission under Section 24-B of the Consumer Protection Act, 1986?
(1) National Commission shall have administrative control over all State Commissions.
(2) National Commission shall call for the periodical return of 'pendency of cases' before the State Commissions.
(3) State Commission shall have administrative control over all district forums.
(4) State Commission can issue instructions to district forums to furnish English translation of judgements written in any language.
Choose the correct answer from the given below: