Quant Exam > Quant Questions > A salesmans terms were changed from a flat co...
Start Learning for Free
A salesmans terms were changed from a flat commission of 5% on all his sales to a fixed salary of Rs. 1,000 plus 2.5 % commission on all sales exceeding Rs. 4,000. If his remuneration as per the new scheme was Rs. 600 more than by the first scheme, what were his sales worth?
- a)Rs. 11, 000
- b)Rs. 17, 000
- c)Rs. 16, 000
- d)Rs. 12, 000
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
A salesmans terms were changed from a flat commission of 5% on all his...
Let his sales were worth Rs. x. So as per the question,So answer is D option.
Free Test
FREE
| Start Free Test |
Community Answer
A salesmans terms were changed from a flat commission of 5% on all his...
Let's assume the salesman's sales worth as 'x' rupees.
Under the first scheme:
Commission = 5% of x
= (5/100) * x
= 0.05x
Under the second scheme:
Salary = Rs. 1000
Commission on sales exceeding Rs. 4000 = 2.5% of (x - 4000)
= (2.5/100) * (x - 4000)
= 0.025x - 100
Total remuneration under the second scheme = Salary + Commission
= 1000 + (0.025x - 100)
= 0.025x + 900
According to the question, the remuneration under the second scheme is Rs. 600 more than under the first scheme. Therefore, we can set up the following equation:
0.025x + 900 = 0.05x + 600
Solving this equation will give us the value of 'x', which represents the sales worth.
0.025x - 0.05x = 600 - 900
-0.025x = -300
x = (-300) / (-0.025)
x = 12000
Therefore, the sales worth is Rs. 12,000.
Hence, option D is the correct answer.
Under the first scheme:
Commission = 5% of x
= (5/100) * x
= 0.05x
Under the second scheme:
Salary = Rs. 1000
Commission on sales exceeding Rs. 4000 = 2.5% of (x - 4000)
= (2.5/100) * (x - 4000)
= 0.025x - 100
Total remuneration under the second scheme = Salary + Commission
= 1000 + (0.025x - 100)
= 0.025x + 900
According to the question, the remuneration under the second scheme is Rs. 600 more than under the first scheme. Therefore, we can set up the following equation:
0.025x + 900 = 0.05x + 600
Solving this equation will give us the value of 'x', which represents the sales worth.
0.025x - 0.05x = 600 - 900
-0.025x = -300
x = (-300) / (-0.025)
x = 12000
Therefore, the sales worth is Rs. 12,000.
Hence, option D is the correct answer.
|
Explore Courses for Quant exam
|
|
Similar Quant Doubts
A salesmans terms were changed from a flat commission of 5% on all his sales to a fixed salary of Rs. 1,000 plus 2.5 % commission on all sales exceeding Rs. 4,000. If his remuneration as per the new scheme was Rs. 600 more than by the first scheme, what were his sales worth?a)Rs. 11, 000b)Rs. 17, 000c)Rs. 16, 000d)Rs. 12, 000Correct answer is option 'D'. Can you explain this answer?
Question Description
A salesmans terms were changed from a flat commission of 5% on all his sales to a fixed salary of Rs. 1,000 plus 2.5 % commission on all sales exceeding Rs. 4,000. If his remuneration as per the new scheme was Rs. 600 more than by the first scheme, what were his sales worth?a)Rs. 11, 000b)Rs. 17, 000c)Rs. 16, 000d)Rs. 12, 000Correct answer is option 'D'. Can you explain this answer? for Quant 2025 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about A salesmans terms were changed from a flat commission of 5% on all his sales to a fixed salary of Rs. 1,000 plus 2.5 % commission on all sales exceeding Rs. 4,000. If his remuneration as per the new scheme was Rs. 600 more than by the first scheme, what were his sales worth?a)Rs. 11, 000b)Rs. 17, 000c)Rs. 16, 000d)Rs. 12, 000Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Quant 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A salesmans terms were changed from a flat commission of 5% on all his sales to a fixed salary of Rs. 1,000 plus 2.5 % commission on all sales exceeding Rs. 4,000. If his remuneration as per the new scheme was Rs. 600 more than by the first scheme, what were his sales worth?a)Rs. 11, 000b)Rs. 17, 000c)Rs. 16, 000d)Rs. 12, 000Correct answer is option 'D'. Can you explain this answer?.
A salesmans terms were changed from a flat commission of 5% on all his sales to a fixed salary of Rs. 1,000 plus 2.5 % commission on all sales exceeding Rs. 4,000. If his remuneration as per the new scheme was Rs. 600 more than by the first scheme, what were his sales worth?a)Rs. 11, 000b)Rs. 17, 000c)Rs. 16, 000d)Rs. 12, 000Correct answer is option 'D'. Can you explain this answer? for Quant 2025 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about A salesmans terms were changed from a flat commission of 5% on all his sales to a fixed salary of Rs. 1,000 plus 2.5 % commission on all sales exceeding Rs. 4,000. If his remuneration as per the new scheme was Rs. 600 more than by the first scheme, what were his sales worth?a)Rs. 11, 000b)Rs. 17, 000c)Rs. 16, 000d)Rs. 12, 000Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Quant 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A salesmans terms were changed from a flat commission of 5% on all his sales to a fixed salary of Rs. 1,000 plus 2.5 % commission on all sales exceeding Rs. 4,000. If his remuneration as per the new scheme was Rs. 600 more than by the first scheme, what were his sales worth?a)Rs. 11, 000b)Rs. 17, 000c)Rs. 16, 000d)Rs. 12, 000Correct answer is option 'D'. Can you explain this answer?.
Solutions for A salesmans terms were changed from a flat commission of 5% on all his sales to a fixed salary of Rs. 1,000 plus 2.5 % commission on all sales exceeding Rs. 4,000. If his remuneration as per the new scheme was Rs. 600 more than by the first scheme, what were his sales worth?a)Rs. 11, 000b)Rs. 17, 000c)Rs. 16, 000d)Rs. 12, 000Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Quant.
Download more important topics, notes, lectures and mock test series for Quant Exam by signing up for free.
Here you can find the meaning of A salesmans terms were changed from a flat commission of 5% on all his sales to a fixed salary of Rs. 1,000 plus 2.5 % commission on all sales exceeding Rs. 4,000. If his remuneration as per the new scheme was Rs. 600 more than by the first scheme, what were his sales worth?a)Rs. 11, 000b)Rs. 17, 000c)Rs. 16, 000d)Rs. 12, 000Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
A salesmans terms were changed from a flat commission of 5% on all his sales to a fixed salary of Rs. 1,000 plus 2.5 % commission on all sales exceeding Rs. 4,000. If his remuneration as per the new scheme was Rs. 600 more than by the first scheme, what were his sales worth?a)Rs. 11, 000b)Rs. 17, 000c)Rs. 16, 000d)Rs. 12, 000Correct answer is option 'D'. Can you explain this answer?, a detailed solution for A salesmans terms were changed from a flat commission of 5% on all his sales to a fixed salary of Rs. 1,000 plus 2.5 % commission on all sales exceeding Rs. 4,000. If his remuneration as per the new scheme was Rs. 600 more than by the first scheme, what were his sales worth?a)Rs. 11, 000b)Rs. 17, 000c)Rs. 16, 000d)Rs. 12, 000Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of A salesmans terms were changed from a flat commission of 5% on all his sales to a fixed salary of Rs. 1,000 plus 2.5 % commission on all sales exceeding Rs. 4,000. If his remuneration as per the new scheme was Rs. 600 more than by the first scheme, what were his sales worth?a)Rs. 11, 000b)Rs. 17, 000c)Rs. 16, 000d)Rs. 12, 000Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice A salesmans terms were changed from a flat commission of 5% on all his sales to a fixed salary of Rs. 1,000 plus 2.5 % commission on all sales exceeding Rs. 4,000. If his remuneration as per the new scheme was Rs. 600 more than by the first scheme, what were his sales worth?a)Rs. 11, 000b)Rs. 17, 000c)Rs. 16, 000d)Rs. 12, 000Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice Quant tests.
|
|
Explore Courses for Quant exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup