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Question Practice

If a manager's commission is set at 5% on the net profit after charging such commission and the calculated profit is $50,000, what will the commission amount be?

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

If a manager's commission is s...

Single Answer MCQ
Q-00053692

If a manager's commission is set at 5% on the net profit after charging such commission and the calculated profit is $50,000, what will the commission amount be?

1

$2,500

2

$1,500

3

$5,000

4

$2,000

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