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A Sales Executive gets a commission on total sales at 8%. If the sale is exceeded Rs.10,000 he gets an additional commission as a bonus of 4% on the excess of sales over Rs.10,000. If he gets the total commission of Rs.950, then the bonus he received is?
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A Sales Executive gets a commission on total sales at 8%. If the sale ...
**Solution:**
Let's assume the total sales made by the Sales Executive is 'x' rupees.
**Commission on total sales:**
The commission on total sales at 8% is given by:
Commission = 8% of x = 0.08x
**Bonus commission:**
If the sales exceed Rs.10,000, the Sales Executive receives an additional bonus commission of 4% on the excess of sales over Rs.10,000.
Let's calculate the excess sales:
Excess sales = Total sales - Rs.10,000
So, the bonus commission is given by:
Bonus commission = 4% of excess sales = 0.04 * (Total sales - Rs.10,000) = 0.04 * (x - 10,000)
**Total commission:**
The total commission received by the Sales Executive is given as Rs.950.
So, the equation is:
Commission + Bonus commission = Rs.950
Substituting the values, we get:
0.08x + 0.04(x - 10,000) = 950
Simplifying the equation:
0.08x + 0.04x - 400 = 950
0.12x = 1350
x = 1350 / 0.12
x = 11,250
Therefore, the total sales made by the Sales Executive is Rs.11,250.
**Calculating the bonus received:**
To find the bonus received, we need to calculate the excess sales first.
Excess sales = Total sales - Rs.10,000 = 11,250 - 10,000 = Rs.1,250
Now, let's calculate the bonus received:
Bonus received = 4% of excess sales = 0.04 * 1,250 = Rs.50
Therefore, the bonus received by the Sales Executive is Rs.50.
Let's assume the total sales made by the Sales Executive is 'x' rupees.
**Commission on total sales:**
The commission on total sales at 8% is given by:
Commission = 8% of x = 0.08x
**Bonus commission:**
If the sales exceed Rs.10,000, the Sales Executive receives an additional bonus commission of 4% on the excess of sales over Rs.10,000.
Let's calculate the excess sales:
Excess sales = Total sales - Rs.10,000
So, the bonus commission is given by:
Bonus commission = 4% of excess sales = 0.04 * (Total sales - Rs.10,000) = 0.04 * (x - 10,000)
**Total commission:**
The total commission received by the Sales Executive is given as Rs.950.
So, the equation is:
Commission + Bonus commission = Rs.950
Substituting the values, we get:
0.08x + 0.04(x - 10,000) = 950
Simplifying the equation:
0.08x + 0.04x - 400 = 950
0.12x = 1350
x = 1350 / 0.12
x = 11,250
Therefore, the total sales made by the Sales Executive is Rs.11,250.
**Calculating the bonus received:**
To find the bonus received, we need to calculate the excess sales first.
Excess sales = Total sales - Rs.10,000 = 11,250 - 10,000 = Rs.1,250
Now, let's calculate the bonus received:
Bonus received = 4% of excess sales = 0.04 * 1,250 = Rs.50
Therefore, the bonus received by the Sales Executive is Rs.50.
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A Sales Executive gets a commission on total sales at 8%. If the sale is exceeded Rs.10,000 he gets an additional commission as a bonus of 4% on the excess of sales over Rs.10,000. If he gets the total commission of Rs.950, then the bonus he received is?
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A Sales Executive gets a commission on total sales at 8%. If the sale is exceeded Rs.10,000 he gets an additional commission as a bonus of 4% on the excess of sales over Rs.10,000. If he gets the total commission of Rs.950, then the bonus he received is? 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 gets a commission on total sales at 8%. If the sale is exceeded Rs.10,000 he gets an additional commission as a bonus of 4% on the excess of sales over Rs.10,000. If he gets the total commission of Rs.950, then the bonus he received is? covers all topics & solutions for CAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A Sales Executive gets a commission on total sales at 8%. If the sale is exceeded Rs.10,000 he gets an additional commission as a bonus of 4% on the excess of sales over Rs.10,000. If he gets the total commission of Rs.950, then the bonus he received is?.
A Sales Executive gets a commission on total sales at 8%. If the sale is exceeded Rs.10,000 he gets an additional commission as a bonus of 4% on the excess of sales over Rs.10,000. If he gets the total commission of Rs.950, then the bonus he received is? 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 gets a commission on total sales at 8%. If the sale is exceeded Rs.10,000 he gets an additional commission as a bonus of 4% on the excess of sales over Rs.10,000. If he gets the total commission of Rs.950, then the bonus he received is? covers all topics & solutions for CAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A Sales Executive gets a commission on total sales at 8%. If the sale is exceeded Rs.10,000 he gets an additional commission as a bonus of 4% on the excess of sales over Rs.10,000. If he gets the total commission of Rs.950, then the bonus he received is?.
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