A and B are partners sharing profits equally. Firm earned a profit of ₹ 770000. A is allowed commission @10% after charging such commission. Calculate the amount of commission?

₹ 77000 ₹ 67000 ₹ 70000 ₹ 80000

₹ 70000

Commission to A = (Profits * rate of commission) / (rate of commission+ 100) i.e.,770000*10/110 = ₹70000