Given a net profit of 65,000 before deducting partners' commission, and the commission rate is 11% calculated before commission is deducted, what is the amount of the partners' commission?

Explanation

To find the partners' commission when it is 11% of the profit before commission, use the formula: Commission = 0.11 × (Net Profit + Commission). Let C be the commission amount. So, C = 0.11 × (65,000 + C) C = 7,150 + 0.11C C - 0.11C = 7,150 0.89C = 7,150 C = 7,150 / 0.89 ≈ 8,033 (This indicates the commission is calculated on the gross profit before commission, but the question implies commission is 11% before charging it, so directly commission = 0.11 × 65,000 = 7,150). Therefore, the partners' commission is 7,150.