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Class 12th Account chapter 1 question 34  solution (ts grewal)

34. Abha, Bobby and Vineet are partners sharing profits in the ratio of 3 : 2 : 1. Vineet is entitled to commission of 10% on the net profit after charging such commission. If the amount of commission is ₹ 2,20,000.

Determine the amount of commission payable to Vineet.

SOLUTION :-