| Yash and Peter are partners. They have provided the following information on 31st March 2021: |
| Net profit .............................................................................................. 10,00,000 |
| Partners salary .........................................................................................2,00,000 |
| Interest on capital (all partners) ................................................................1,40,000 |
| Peter is entitled to a commission of 10% of the net profit after charging interest on capital, salary and his commission. |
| Peter's Commission will be : |
A) 66,000
B) 60,000
C) 1,00,000
D) 80,000
Correct Answer: B
Solution :
60,000
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