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26 August 2014 The manager earned a commission of Rs.25,000,which is based on 10% of Net Profit. If sales is Rs.3,50,000 is more than purchases. No opening and closing stock.Find Direct and Indirect expenses? a)Rs.75,000 b)Rs.1,00,000 c)Rs.2,50,000 d)Not attainable
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CA Kishore Tallam

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CA Kishore Tallam (Expert)
27 August 2014 If commission is 10% profit, then profit before commission is 250,000. Since Sales amount is 350,000 other costs would be Rs. 100,000.
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Rupesh Jain

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Rupesh Jain (Expert)
27 August 2014 it will be rs. 1000000/- diff of sales and purchase.
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Rupesh Jain

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Rupesh Jain (Expert)
27 August 2014 it will be rs. 1000000/- diff of sales and purchase.
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