Naina and Raina are partners in a firm sharing profits and losses in the ratio 3: 2. Raina was a manager who received a salary of ?5,000 per month in addition to a commission of 5% of net profit after charging such commission. Profit for the year is ?8,00,000 before charging salary. What will be the remuneration given to Raina?

Solution:
Salary given to Raina = 5000 × 12
Rs 60,000
Commission given to Raina = (5/105) × (8,00,000 - 60,000)
35238
Total remuneration = 35238 + 60000
95238
 

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