A salesman receives a commission of 12% on all sales and a bonus of 1% on sales exceeding Rs. 15,000. If his total earnings are Rs. 7,650, what are his total sales? MCQ with Answer and Explanation
A salesman receives a commission of 12% on all sales and a bonus of 1% on sales exceeding Rs. 15,000. If his total earnings are Rs. 7,650, what are his total sales?
A. Rs. 65,000
B. Rs. 55,000
C. Rs. 50,000
D. Rs. 60,000
Answer: Option D
Solution (By JKSSB Mock Tests)
Let total sales be x. Commission = 0.12x. Bonus = 0.01(x - 15000) for x > 15000. Total = 0.12x + 0.01x - 150 = 7650 implies 0.13x = 7800. Therefore, x = 60000.
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