Pooja and Shagun are partners in a firm. Pooja is entitled to a salary of ₹ 20,000 p.a. and
commission of 10% of Net profit before charging the commission. Shagun is entitled to a
salary of ₹ 50,000 p.a. with commission of 10% of Net Profit after charging all commission.
Profit after charging salary but before charging any commission for the year was ₹ 5,
50,000.
Q1. Pooja’s Commission will be:
(a) ₹ 50,000 (b) ₹ 52,000 (c) ₹ 84,000 (d) ₹ 60,000
Q2. Shagun’s commission will be:
(a) ₹ 40,000 (b) ₹ 42,364 (c) ₹42,500 (d) ₹ 47,500
Please answer with steps
