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A sales executive's commission is 5% on all sales up to Rs. 10,000 and 4% on all sales exceeding this. He remits Rs. 31,100 to his parent company after deducting his commission. His sales was worth:
- a)Rs. 35,00
- b)Rs. 36,100
- c)Rs. 35,100
- d)Rs. 32,500
- e)Rs 31,300
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
A sales executive's commission is 5% on all sales up to Rs. 10,000 an...
Let total sales be x
5% of 10,000 = 500
So, x - 500 - (x-10000)*0.04 = 31100
0.96x = 31200
Solving gives x = 32,500.
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Community Answer
A sales executive's commission is 5% on all sales up to Rs. 10,000 an...
Sales Executive's Commission Calculation:
To solve this problem, we need to calculate the sales amount made by the sales executive.
Let's assume the sales amount made by the sales executive is 'x' rupees.
Calculation for Sales Amount:
- For sales up to Rs. 10,000, the commission rate is 5%. Therefore, the commission earned on sales up to Rs. 10,000 is 0.05 * 10,000 = Rs. 500.
- For sales exceeding Rs. 10,000, the commission rate is 4%. Therefore, the commission earned on sales exceeding Rs. 10,000 is 0.04 * (x - 10,000).
- The total commission earned by the sales executive is the sum of the commission earned on sales up to Rs. 10,000 and the commission earned on sales exceeding Rs. 10,000.
- So, the total commission is 500 + 0.04 * (x - 10,000).
Calculation for Amount Remitted:
- The amount remitted by the sales executive after deducting his commission is given as Rs. 31,100.
- Therefore, the equation becomes: x - (500 + 0.04 * (x - 10,000)) = 31,100.
Solving the Equation:
- Simplifying the equation, we get: x - 500 - 0.04x + 400 = 31,100.
- Combining like terms, we get: 0.96x - 100 = 31,100.
- Adding 100 to both sides, we get: 0.96x = 31,200.
- Dividing both sides by 0.96, we get: x = 32,500.
Therefore, the sales amount made by the sales executive is Rs. 32,500, which corresponds to option 'D'.
To solve this problem, we need to calculate the sales amount made by the sales executive.
Let's assume the sales amount made by the sales executive is 'x' rupees.
Calculation for Sales Amount:
- For sales up to Rs. 10,000, the commission rate is 5%. Therefore, the commission earned on sales up to Rs. 10,000 is 0.05 * 10,000 = Rs. 500.
- For sales exceeding Rs. 10,000, the commission rate is 4%. Therefore, the commission earned on sales exceeding Rs. 10,000 is 0.04 * (x - 10,000).
- The total commission earned by the sales executive is the sum of the commission earned on sales up to Rs. 10,000 and the commission earned on sales exceeding Rs. 10,000.
- So, the total commission is 500 + 0.04 * (x - 10,000).
Calculation for Amount Remitted:
- The amount remitted by the sales executive after deducting his commission is given as Rs. 31,100.
- Therefore, the equation becomes: x - (500 + 0.04 * (x - 10,000)) = 31,100.
Solving the Equation:
- Simplifying the equation, we get: x - 500 - 0.04x + 400 = 31,100.
- Combining like terms, we get: 0.96x - 100 = 31,100.
- Adding 100 to both sides, we get: 0.96x = 31,200.
- Dividing both sides by 0.96, we get: x = 32,500.
Therefore, the sales amount made by the sales executive is Rs. 32,500, which corresponds to option 'D'.
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A sales executive's commission is 5% on all sales up to Rs. 10,000 and 4% on all sales exceeding this. He remits Rs. 31,100 to his parent company after deducting his commission. His sales was worth:a) Rs. 35,00b) Rs. 36,100c) Rs. 35,100d) Rs. 32,500e) Rs 31,300Correct answer is option 'D'. Can you explain this answer?
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A sales executive's commission is 5% on all sales up to Rs. 10,000 and 4% on all sales exceeding this. He remits Rs. 31,100 to his parent company after deducting his commission. His sales was worth:a) Rs. 35,00b) Rs. 36,100c) Rs. 35,100d) Rs. 32,500e) Rs 31,300Correct answer is option 'D'. Can you explain this answer? for CAT 2025 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about A sales executive's commission is 5% on all sales up to Rs. 10,000 and 4% on all sales exceeding this. He remits Rs. 31,100 to his parent company after deducting his commission. His sales was worth:a) Rs. 35,00b) Rs. 36,100c) Rs. 35,100d) Rs. 32,500e) Rs 31,300Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A sales executive's commission is 5% on all sales up to Rs. 10,000 and 4% on all sales exceeding this. He remits Rs. 31,100 to his parent company after deducting his commission. His sales was worth:a) Rs. 35,00b) Rs. 36,100c) Rs. 35,100d) Rs. 32,500e) Rs 31,300Correct answer is option 'D'. Can you explain this answer?.
A sales executive's commission is 5% on all sales up to Rs. 10,000 and 4% on all sales exceeding this. He remits Rs. 31,100 to his parent company after deducting his commission. His sales was worth:a) Rs. 35,00b) Rs. 36,100c) Rs. 35,100d) Rs. 32,500e) Rs 31,300Correct answer is option 'D'. Can you explain this answer? for CAT 2025 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about A sales executive's commission is 5% on all sales up to Rs. 10,000 and 4% on all sales exceeding this. He remits Rs. 31,100 to his parent company after deducting his commission. His sales was worth:a) Rs. 35,00b) Rs. 36,100c) Rs. 35,100d) Rs. 32,500e) Rs 31,300Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A sales executive's commission is 5% on all sales up to Rs. 10,000 and 4% on all sales exceeding this. He remits Rs. 31,100 to his parent company after deducting his commission. His sales was worth:a) Rs. 35,00b) Rs. 36,100c) Rs. 35,100d) Rs. 32,500e) Rs 31,300Correct answer is option 'D'. Can you explain this answer?.
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