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A salesman receives 3% commission on the...

A salesman receives 3% commission on the sales up to Rs. 50,000 and 4% commission on the sales over Rs. 50,000. His total income on the sale of Rs. 2,00,000 is ___________

A

Rs. 6,000

B

Rs. 7,550

C

Rs. 7,500

D

Rs. 1,500

Text Solution

AI Generated Solution

The correct Answer is:
To calculate the total income of the salesman on the sale of Rs. 2,00,000, we will break down the commission structure as follows: ### Step 1: Calculate the commission on the first Rs. 50,000 The salesman receives a commission of 3% on sales up to Rs. 50,000. \[ \text{Commission on Rs. 50,000} = 3\% \text{ of } 50,000 = \frac{3}{100} \times 50,000 = 1,500 \] ### Step 2: Calculate the sales amount over Rs. 50,000 The total sales amount is Rs. 2,00,000. The amount over Rs. 50,000 is: \[ \text{Sales over Rs. 50,000} = 2,00,000 - 50,000 = 1,50,000 \] ### Step 3: Calculate the commission on the sales over Rs. 50,000 The salesman receives a commission of 4% on the sales over Rs. 50,000. \[ \text{Commission on Rs. 1,50,000} = 4\% \text{ of } 1,50,000 = \frac{4}{100} \times 1,50,000 = 6,000 \] ### Step 4: Calculate the total income Now, we can find the total income by adding the commission from both parts: \[ \text{Total Income} = \text{Commission on Rs. 50,000} + \text{Commission on Rs. 1,50,000} \] \[ \text{Total Income} = 1,500 + 6,000 = 7,500 \] Thus, the total income of the salesman on the sale of Rs. 2,00,000 is **Rs. 7,500**. ---
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