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?
A50Correct AnswerIncorrect Answer
B45Correct AnswerIncorrect Answer
C60Correct AnswerIncorrect Answer
D130Correct AnswerIncorrect Answer
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