Question
A Sales Executive gets a commission on total sales at
8%. If the sale is exceeded Rs.10,000 he gets an additional commission as a bonus of 4% on the excess of sales over Rs.10,000. If he gets the total commission of Rs.950, then the bonus he received is?Solution
Commission up to 10000 = 10000 x (8/100) = 800 Ratio = 2x : x , Commission = 2x, Bonus = x ; Bonus = (950 – 800) x 1/3 = 150 x (1/3) = 50
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II. Issuing letters of c...
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