Accountancy Mathematics: Incomplete Records -"Computation of Manager's Commission

August 20th, 2006 Comments off
Share |

In Incomplete records, examination question often includes manager’s commission.


The commission may be expressed as a percentage of profits AFTER such commission had been deducted.


The net profits of a business are $500,000 and the manager is entitled to 10% of the net profits AFTER such commission has been deducted.

Question: Compute his commission?




Percentage Commission x Profits before Commission

100 +% Commission


=10/110 x $500,000


= $45,454.50


Comments are closed now.

Financial Accounting


Advertise Here | Brain Teasers/Puzzles | Greeting Cards | Inspirational Quotes | Jokes/Humor | Useful Links | Motivational Stories | Resource | Shopping | Share/Express Your Views | Testimonials | Universities/Colleges | Words of Wisdom from Religions | FREE POSTING OF ACCOUNTING & FINANCE JOBS VACANCY|