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The Net Profit before this adjustment is $125000. What is Manager's commission and what the N/P after the adjustment?

<p><em><strong>The manager of the business is entitled to get a commission of10% of N/P after calculating such commission.</strong> </em></p>

Accounting Cost Accounting Financial Accounting Bank Accounting managerial accounting
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Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2014/12/06
Upvote (5) Views (19) Followers (14) Answers (15) Report Question
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Lesley Lanag CMA CPA
by Lesley Lanag CMA CPA , Senior Accountant , Takaful Emarat Insurance (P.S.C)

Manager's commission is $11,363.64

N/P after commission is $113,636.36

Malik Khalid Mahmood
by Malik Khalid Mahmood , Regional Finance Manager , Leosons International FZ LLC

Formula10/110*125000

Managers Commission        11,363.64

NP After Commission         113,636.40

 

Khaled Mohee Eldeen Abbas Mahmoud
by Khaled Mohee Eldeen Abbas Mahmoud , Chartered Accountant # 10465 , Self-employed

125000 = X +10/100 X

X =113636.36  (Net profit after commission)

10/100 X = 11363.64 (Managers Commission)

Khurrum Iqbal
by Khurrum Iqbal , Accountant , Akun Logistic Services

Great question and great answers

  

Net Profit (NP) before commission $125,000

Manager's Commission $11,363.64 [10/110 x125,000] or [113.636.36 x10%]

NP after Manager's Commission = $125,000 - $11,363.64 = $113,636.36

Sagun Shrestha
by Sagun Shrestha , Officer/Branch Manager , Gurkha Development Bank Ltd at present

Net Profit before commission is $125,000.00 

Managers commission is (125,000*10/110)= $11363.64 

Net profit after commission is (125,000.00-11,363.64)=$113,636.36 

Deleted user

very good miss lesley

agreed with you

muhammad umar
by muhammad umar , Accounts Officer , Security Organizing System Pakistan (Pvt) Ltd.

$125,000*10/110

=$11,363

Manager's commission is $11,363.64

N/P after commission is $113,636.36 ($125,000-$11,363.64)

Deleted user

Manager's Commission is10% of Rs. (125,000/1.1) = Rs.11,363.64/-

Net Profit after such manager's commission = Rs. (125,000.00 -11,363.64) = Rs.113,636.36/-

georgei assi
by georgei assi , مدير حسابات , المجموعة السورية

I agree with Mr . 

 

Khurrum Iqbal  nswer

mohammed elkheniny
by mohammed elkheniny , Financial Controller , DNM FOR SPINNING& WEAVING AND DYING

the net profit =125,000 × (100/110)=113,636 the manager commission =113,636 × (10/100)=11,363.6

muhammaad Asim
by muhammaad Asim , Accountant - Receivable/Collection , EDCH (Business Unit of Etisalat)

Net Profit before commission $125,000

Manager Commission             $11,363,64

Net Profit after commission    $113,636.4

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