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Board Question Paper : March 2020 — SPCC STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceSPCCBoard Question Paper : March 20201 Mark
MCQ
How much remuneration can be paid to full time Managing Director?
  • A
    $5 \%$ of sales
  • ✓
    $10 \%$ of net profit
  • C
    $5 \%$ of share capital
  • D
    $5 \%$ of reserve
✓

Answer

Correct option: B.
$10 \%$ of net profit

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