Based on the information below, what is the amount of the partner's commission? The net profit before deducting the partner's commission is 65,000. The partner's commission is 11%, calculated after deducting the commission itself.

Explanation

To find the partner's commission when it is 11% of the profit after deducting the commission, set up the equation: Commission = 11% of (65,000 - Commission). Let the commission be x. Then, x = 0.11 × (65,000 - x). Solving gives x = 6,441. Therefore, the correct commission amount is 6,441.