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Question Practice

A company has a net profit of $70,000 and pays a 10% commission to its manager. If the commission is paid after calculating it, what will the total profit be after the payment?

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MCQ_SA
CBSE
Class 11
Accountancy
Accountancy - II
Financial Statements - II
Question Bank

A company has a net profit of ...

Single Answer MCQ
Q-00053695

A company has a net profit of $70,000 and pays a 10% commission to its manager. If the commission is paid after calculating it, what will the total profit be after the payment?

1

$63,000

2

$70,000

3

$77,000

4

$80,000

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