BANK SEBI Grade A Phase 1 & Phase 2 Mock Test 2024 Accounting and Auditing Basic accounting principles
Gross Profit Rs. 100,000
Salaries Rs. 20,000
Rent Rs. 8,000
Office expenses Rs. 22,000
Selling Expenses Rs. 9,000
Advertisement Rs. 12,000
Net Profit before commission is Rs. 29,000
Calculate the manager’s commission @ 10% of the net profit after charging such commission.
1
Rs. 2,636.36
2
Rs. 3,190.91
3
Rs. 2,727.27
4
Rs. 2,900.00
5
Rs. 3,050.00