" In a partnership firm a partner Ram is entitled to get a commission of 10% on profits after deduction of interest on capital and such commissions. Interest on capital and Net Profit were of Rs 17,000 and 50,000 respectively. Commission paid to Ram is - "

3,000 5,000 3,300 None of these

3,000

"Commission to Ram = Net profit after interest * Rate /100+Rate = (50,000 - 17,000) * 10 / 110 = 33,000 * 10 / 110 = 3,000"