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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:
A
Rs. 42.50
B
Rs. 45.00
C
Rs. 47.00
D
Rs. 49.00
Correct Answer:
Rs. 45.00
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
Rs. 321
B
Rs. 304
C
Rs. 337
D
Rs. 339
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:
A
Rs. 321
B
Rs. 333
C
Rs. 337
D
Rs. 339
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?
A
Rs. 20,000 and Rs. 2,30,000
B
Rs. 2,15,000 and Rs. 23,500
C
Rs. 22,000 and Rs. 22,500
D
Rs. 22,350 and Rs. 22,450
E
Rs. 22,500 and Rs. 22,500
Manager is provided 10% commission on net profit after charging such commission. If profit before commission is Rs. 77,000, then what is due/payble commission?
A
Rs. 7,000
B
Rs. 7,700
C
Rs. 8,555
D
Rs. 8,000
Factory manager gets 10% commission on net profit after charging such commission. If profit is Rs. 2200 then commission will be?
A
Rs. 220
B
Rs. 200
C
Rs. 240
D
Rs. 244.44
A manager is paid 5% commission on the net profit after charging such commission. The gross profit of the firm is Rs. 40,000 and the selling expense is Rs. 29,500. His commission will be
A
Rs. 1,050
B
Rs. 2,100
C
Rs. 500
D
Rs. 1,000
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 :
A
2.3 lakh
B
2.32 lakh
C
2.12 lakh
D
3.2 lakh
E
None of these
Manager's commission is given at the rate of 10% on the profits after giving commission to him. If the profit before giving commission is Rs. 1,54,000, then payable commission will be
A
Rs. 14,000
B
Rs. 15,000
C
Rs. 16,000
D
None of the above
Consider the following statements.
1. A profit maximising monopolist in different markets will adjust his sales in the two markets, so that his MR in each market just equals his MC.
2. A profit maximising monopolist in separate markets will not adjust his sales.
3. A profit maximising monopolist in separate markets will adjust his sales in the two markets, so that his MR in each market will greater than MC.
4. A profit maximising firm in separate markets will adjust his sales in each market so, that his MR is less than MC.
Which of the statement(s) given above is/are correct?
A
Both 1 and 4
B
Only 1
C
Only 4
D
Both 1 and 2
Which of the following statements are correct?
1. General manager is in top level management.
2. General manager is in middle level management.
3. General manager formulates policies.
Select the correct answer:
A
Only 1
B
Only 2
C
Both 1 and 3
D
All of the above