Advertisements
Advertisements
Question
Anita is allowed 6.5% commission on the total sales made by her, plus a bonus of `1/2`% on the sale over ₹ 20,000. If her total commission amounts to ₹ 3,400, find the sales made by her.
Solution
Let total sales made by Anita be ‘x’.
Rate of commission on total sales is 6.5%.
Commission earned = Total sales × Rate of commission
`= "x" xx 6.5/100 = (6.5 "x")/100`
Sales above ₹ 20,000 = (x – 20,000)
On sales above ₹ 20,000, she gets `1/2`% bonus.
∴ Commission earned = `("x" - 20000) xx 0.5/100`
`= (0.5"x" -10000)/100`
Total commission earned is ₹ 3,400.
Total commission = Commission on total sales + Bonus on sales
∴ `3400 = (6.5"x")/100 + (0.5"x" - 10000)/100`
∴ `3400 = (6.5"x" + 0.5"x" - 10000)/100`
∴ 340000 = 7x - 10000
∴ 340000 + 10000 = 7x
∴ 350000 = 7x
∴ x = 50000
∴ Total sales made by Anita is ₹ 50,000.
APPEARS IN
RELATED QUESTIONS
An agent charges 12% commission on the sales. What does he earn if the total sale amounts to ₹ 48,000? What does the seller get?
A salesman receives 3% commission on the sales up to ₹ 50,000 and 4% commission on the sales over ₹ 50,000. Find his total income on the sale of ₹ 2,00,000.
Mr. Pavan is paid a fixed weekly salary plus commission based on a percentage of sales made by him. If on the sale of ₹ 68,000 and ₹ 73,000 in two successive weeks, he received in all ₹ 9,880 and ₹ 10,180, find his weekly salary and the rate of commission paid to him.
Deepak’s salary was increased from ₹ 4,000 to ₹ 5,000. The sales being the same, due to reduction in the rate of commission from 3% to 2%, his income remained unchanged. Find his sales.
Three cars were sold through an agent for
₹ 2,40,000, ₹ 2,22,000 and ₹ 2,25,000 respectively. The rates of commission were 17.5% on the first, 12.5% on the second. If the agent overall received 14% commission on the total sales, find the rate of commission paid on the third car.
A book seller ₹ 1,530 as 15% commission on list price. Find list price of the books.
A retailer sold a suit for ₹ 8,832 after allowing 8% discount on marked price and further 4% cash discount. If he made 38% profit, find the cost price and the marked price of the suit.
An agent charges 10% commission plus 2% delcreder. If he sells goods worth ₹ 37,200, find his total earnings.
Choose the correct alternative.
An agent who is given the possession of goods to be sold is known as
Fill in the Blank.
A _______ is an agent who brings together the buyer and the seller.
State whether the following statement is True or False.
The buyer is legally allowed 6 days grace period.
An agent is paid a commission of 4% on cash sales and 6% on credit sales made by him. If on the sale of ₹ 51,000 the agent claims a total commission of ₹ 2,700, find the sales made by him for cash and on credit.
Choose the correct alternative:
A salesman receives 3% commission on the sales up to ₹ 50,000 and 4% commission on the sales over ₹ 50,000. His total income on the sale of ₹ 2,00,000 is ______.
An agent who gives guarantee to his principal that the party will pay the sale price of goods is called ______
When transactions like sale, purchase, auction etc. are done through some middlemen, such middlemen are called ______
State whether the following statement is True or False:
A factor is an agent who is given the possession of goods and enters a contract for sale in his/her own name
Three cars were sold through an agent for ₹ 2,40,000, ₹ 2,22,000 and ₹ 2,25,000 respectively. The rates of commission were 17.5% on the first, 12.5% on the second. If the agent overall received 14% commission on the total sales, find the rate of commission paid on the third car.
Solution: Total selling Price of three cars = 2,40,000 + 2,22,000 + 2,25,000
= `square`
Commision on total sale = 14%
= `14/100 xx square`
Selling price of First car = ₹ 2,40,000
Rate of commission = 17.5%
= `17.5/100 xx 2,40,000 = square`
∴ Commission on first car = ₹ `square`
Selling price of Second car = ₹ 2,22,000
Rate of commission = 12.5%
= `12.5/100 xx 2,22,000 = square`
∴ Commission on second car = ₹ `square`
Selling price of third car = ₹ 2,25,000
Let the rate of commission be x
Commission on third car = `x/100 xx 2,25,000`
∴ Commission on third car = Total commission − (commission on first car + commission on second car)
∴ `x/100 xx 2,25,000 = square - {square + square}`
∴ x = `square`
An agent was paid ₹ 88,000 as a commission on the sales of computers at the rate of 12.5%. If the price of each computer was ₹ 32,000, how many computers did he sell?