Question
A salesman is allowed 24% commission on the total sales
by him and a bonus of 1% on the sales over Rs. 25000. If the total earnings of a salesman is Rs. 11475. Find the total sales.Solution
Let the total sales be x According to the question x × 24/100 + (x - 25000) × 1/100 = 11,475 24x/100 + (x-25000)/100 = 11475 24x + x – 25000 = 11,47,500 25x = 11,72,500 x = Rs.46,900
As per the Companies Act, 2013 a Company means_____________
Doctrine of Indoor Management protects:
In a "Pledge," the person who delivers the goods as security is called:
Company A agrees to sell 1,000 laptops to Company B, but the contract lacks the specification of model and delivery timeline. Later, B refuses to accept...
Which of the following statement is true?
The maximum number of partners allowed in a partnership firm carrying on banking business is:
When you evaluate a company's financial ratios in relation to other companies in the same industry, what type of comparison is this?
A contract made under coercion is:
The "Caveat Emptor" rule means:
Which of the following is an exception to the doctrine of privity of contract rule _______________?
Relevant for Exams:
