Let the profit earned before commission was given to A be Rs. ‘100x’ Commission of A = 100x × 0.30x = Rs. 30x Ratio of profit shares of A to B = 12000:18000 = 2:3 Profit earned by A = (100x – 30x) × (2/5) = Rs. 28x Profit earned by B = (100x – 30x) × (3/5) = Rs. 42x According to the question 30x + 28x – 42x = 1120 Or, 16x = 1120 So, x = 70 So, required profit = 70 × 100 = Rs. 7,000
What is the primary responsibility of the Board of Directors in corporate governance?
What is a key aspect of promoting openness in an organization?
What is the capability approach focused on in achieving justice?
Which ethical principle emphasizes promoting the well-being of others and contributing to their happiness?
How can self-awareness contribute to the development of emotional intelligence?
What ethical principle is violated when a public official engages in bribery or corruption?
What does the term "nonmaleficence" mean in moral principles?
In ethical decision-making, what does the term "utilitarianism" focus on?
What is the primary objective of procurement management?
Why is maintaining privacy important in interpersonal relationships?