Question
Anita spends 75% of her monthly salary and receives a
commission of 5% on her salary every month. If her annual saving is Rs. 129600, find the commission she gets every month. [Monthly income = salary + commission]Solution
Let salary = Rs. x Commission = 5% of x = 0.05x Expenses = 75% of x = 0.75x Monthly income = x + 0.05x = 1.05x Monthly saving = 1.05x – 0.75x = 0.30x Annual saving = 12 × 0.30x = 3.6x Given: Annual saving = Rs. 129600 Hence, Commission = 5% of 36000 = 1800 per month
India’s foreign exchange reserves declined by $2.16 billion in the week ending October 18 due to:
Who unveiled a statue of Chhatrapati Shivaji Maharaj in Kupwara, Jammu & Kashmir?
What is India’s rank in Mercer Global Pension Index (2021 MCGPI) released by Mercer Consulting?
Which former South African cricketer has been appointed as India’s new bowling coach?
Which Union territory has topped in the second edition of the National e-Governance Service Delivery Assessment 2021?
SEBI recently extended the deadline to May 1, ______ for implementation of swing pricing mechanism, for mutual fund schemes, aimed at discouraging large...
How many sessions of the Lok Sabha are typically held in a year?
At which location was the 16th Convention of Biological Diversity (COP-16) held?
What is the key focus of the India Maritime Heritage Conclave 2024?
Shri Narendra Modi flagged off MV Ganga Vilas - the first indigenously made cruise vessel in India - from which of the following place on January 13, 2023?