Home
Class 14
MATHS
A sales executive gets 20% bonus of the ...

A sales executive gets 20% bonus of the total sales value and 10% commission besides the bonus on the net profit after charging such commission. If the total sales value be Rs. 10 lakh per annum and the total profit of the company be Rs. 1.32 lakh, then his total earning per annum will be, given that he is not entitled to receive any fixed salary from the comapny :

A

a. 2.3 lakh

B

b. 3.2 lakh

C

c. 2.32 lakh

D

d. 2.12 lakh

Text Solution

AI Generated Solution

The correct Answer is:
To solve the question step by step, we need to calculate the total earnings of the sales executive based on the commission and bonus he receives. ### Step 1: Calculate the Bonus The sales executive receives a 20% bonus on the total sales value. - **Total Sales Value** = Rs. 10,00,000 - **Bonus** = 20% of Total Sales Value = (20/100) * 10,00,000 Calculating this: \[ \text{Bonus} = \frac{20}{100} \times 10,00,000 = 2,00,000 \] ### Step 2: Calculate the Net Profit After Commission Next, we need to find the net profit after charging the commission. The total profit of the company is given as Rs. 1,32,000. The commission is 10% of the net profit. Let’s denote the net profit as \( x \). - **Total Profit** = Rs. 1,32,000 - **Commission** = 10% of Net Profit = (10/100) * \( x \) The net profit after charging the commission can be expressed as: \[ \text{Total Profit} = \text{Net Profit} - \text{Commission} \] Substituting the values: \[ 1,32,000 = x - \frac{10}{100} \times x \] This simplifies to: \[ 1,32,000 = x - 0.1x \] \[ 1,32,000 = 0.9x \] ### Step 3: Solve for Net Profit Now, we can solve for \( x \): \[ x = \frac{1,32,000}{0.9} = 1,46,666.67 \text{ (approximately)} \] ### Step 4: Calculate the Commission Now that we have the net profit, we can calculate the commission: \[ \text{Commission} = 10\% \text{ of } 1,46,666.67 = \frac{10}{100} \times 1,46,666.67 = 14,666.67 \text{ (approximately)} \] ### Step 5: Calculate Total Earnings Finally, we can calculate the total earnings of the sales executive: \[ \text{Total Earnings} = \text{Bonus} + \text{Commission} \] Substituting the values: \[ \text{Total Earnings} = 2,00,000 + 14,666.67 = 2,14,666.67 \text{ (approximately)} \] ### Final Answer Thus, the total earnings of the sales executive per annum is approximately Rs. 2,14,667. ---
Promotional Banner

Topper's Solved these Questions

  • PERCENTAGES

    ARIHANT SSC|Exercise Final round|50 Videos
  • PERCENTAGES

    ARIHANT SSC|Exercise Exercise (Level - 1)|51 Videos
  • PERCENTAGE

    ARIHANT SSC|Exercise Higher Skill Level Questions|27 Videos
  • PERMUTATIONS & COMBINATIONS

    ARIHANT SSC|Exercise FINAL ROUND|38 Videos
ARIHANT SSC-PERCENTAGES-Exercise (Level - 2)
  1. Simplify:- 1/8th of 6/7th of 11200 = ?

    Text Solution

    |

  2. Simplify:- 3/5th of 24% of 500 - 32=?

    Text Solution

    |

  3. A sales executive gets 20% bonus of the total sales value and 10% comm...

    Text Solution

    |

  4. Mr Scindia after selling 5.5% stock at Rs. 92 realizes Rs. 32200. Then...

    Text Solution

    |

  5. Each edge of a cube is increased by 50%. Find the percentage increa...

    Text Solution

    |

  6. Pati, patni and Who (the three presons) were playing a game. At the be...

    Text Solution

    |

  7. Husband, Wife and Son were playing a game. At the beginning of the gam...

    Text Solution

    |

  8. If the labour cost 20% of the cost of production and raw material cost...

    Text Solution

    |

  9. A, B, C and D purchased a cine-multiplex for Rs. 56 lakhs. The contrib...

    Text Solution

    |

  10. In a village three people contested for the post of village Pradhan. ...

    Text Solution

    |

  11. Every day a mongo seller sells half his stock 10% of the stock overnig...

    Text Solution

    |

  12. A man lost half of his initial amount in the gambling after playing 3 ...

    Text Solution

    |

  13. In a factory there are three types of machine M(1), M(2) and M(3) whi...

    Text Solution

    |

  14. A company has 12 machines of equal efficiency in its factory. The annu...

    Text Solution

    |

  15. Every month a man consumes 25 kg rice and 9 kg wheat. The price of ric...

    Text Solution

    |

  16. My friend Siddhartha Ghosh is working in the life insurance. Corporati...

    Text Solution

    |

  17. DELL Computer has two branches : One in Ohilo and second in Texas : Th...

    Text Solution

    |

  18. DELL Compouter has two branches : One in Ohilo and second in Texas : T...

    Text Solution

    |

  19. A shepherd has n goats in the year 2000. In 2001 the no. of goats incr...

    Text Solution

    |

  20. Simplify:- 90* 6/18 + 73= ?

    Text Solution

    |