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The deed says A will get twenty percent commission after charging commission. Profit before commission is eighty thousand rupees. What is the commission?

Answer and explanation

Correct answer: About thirteen thousand three hundred thirty three rupees

For commission after charging commission multiply profit by rate and divide by one hundred plus rate. Eighty thousand times twenty by one hundred twenty gives about thirteen thousand three hundred thirty three.

Related tags

CommissionAfter ChargingNumericalPartnership DeedPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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