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  1. business
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  3. problem 1 a manager is entitled to a commission at

PROBLEM 1 A manager is entitled to a commission at a certain percentage of net...

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Accounting

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PROBLEM 1 A manager is entitled to a commission at a certain percentage of net profit sucli commission to be changed in arriving at the net profit). The commission is to be allowed at the following rates : First 10,000 of the net profit Nil Next * 20,000 of the net profit @ 10% Next 30,000 of the net profit @ 15% Next 60,000 of the net profit @ 20% 30% Balance of the net profit @ The net profit before charging manager's commission is * 1,45,000. Compute the amount of manager's commission

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