#1
7th May 2014, 09:51 PM
|
|||
|
|||
Answer of Insurance Aptitude test question?
Plzz reply ASAP
a salesman is paid a monthly salary plus a commision based as percentage on sales.if on the sales of rs 20000 and rs 25000 in 2 months,he received rs1600 and rs 1750 respectively,find his monthly salary and tha rate of commission paid on sales |
#2
14th April 2023, 02:25 AM
|
|||
|
|||
![]()
Let the monthly salary be x and the commission rate be y%.
For the first month, the salesman earned Rs. 1600, so we can write: x + 0.01y(20000) = 1600 Simplifying this equation, we get: x + 200y = 160000 (Equation 1) For the second month, the salesman earned Rs. 1750, so we can write: x + 0.01y(25000) = 1750 Simplifying this equation, we get: x + 250y = 175000 (Equation 2) Now we have two equations with two unknowns (x and y). We can solve for them using any method of our choice. Here, we will use the elimination method. Multiplying Equation 1 by 5 and Equation 2 by -4, we get: 5x + 1000y = 800000 (Equation 3) -4x - 1000y = -700000 (Equation 4) Adding Equations 3 and 4, we get: x = 100000 Substituting this value of x in Equation 1, we get: 100000 + 200y = 160000 Simplifying this equation, we get: y = 300 Therefore, the salesman's monthly salary is Rs. 100000 and the commission rate is 3%. |
Related Topics: |
||
Thread | Replies | Last Post |
How much salary can I expect after completing? What is the monthly salary of a fresher who joins Merchant Navy? | 2 | 15th August 2015 01:49 AM |
Monthly salary of Automobile Engineering in India? What would be the maximum monthly salary? | 24 | 23rd June 2015 10:20 PM |
|