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Question Practice

A manager is entitled to a commission of 12% on net profit after charging such commission. If the company reported a net profit of $150,000 before this charge, how much commission is to be paid?

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

A manager is entitled to a com...

Single Answer MCQ
Q-00053699

A manager is entitled to a commission of 12% on net profit after charging such commission. If the company reported a net profit of $150,000 before this charge, how much commission is to be paid?

1

$18,000

2

$16,800

3

$14,250

4

$12,000

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