[CBSE] Q. 33 Solution of Fundamentals of Partnership Firms TS Grewal Book (2023-24)

Solution of Question number 33 of the Fundamentals of partnership firm chapter TS Grewal Book CBSE 2023-24 Edition.

Shiv, Mohan, and Gopal are partners sharing profits and losses in the ratio of 2 : 2 : 1. Shiv is entitled to a commission of 10% on the net profit. Net Profit for the year is ₹ 1,10,000.

Determine the amount of commission payable to Shiv.

[Ans: Commission payable to shiv – ₹ 11,000]

Solution:-

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