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      Question

      The manager of a firm is entitled to a commission of 5%

      of Net profit after charging such commission. Net profit before charging commission is β‚Ή 42,000. Calculate the Commission of Manager.
      A β‚Ή 2,000 Correct Answer Incorrect Answer
      B β‚Ή 2,500 Correct Answer Incorrect Answer
      C β‚Ή 3,000 Correct Answer Incorrect Answer
      D β‚Ή 3,500 Correct Answer Incorrect Answer

      Solution

      Net profit before charging commission * Rate / 100 + Rate 42000*5/105 = 2000

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