plss solve this...urgentlyyyy
Amount of commission will be
pls frnds solve it soon & pls also post its full calculation & concept behind it...
Purnima (student) (25 Points)
24 June 2009
Skand Kamat
(Student)
(197 Points)
Replied 24 June 2009
Answer is 50000.00
50*500 = 25000.00 +
1/4(15000*50)-(12500*50)-25000
1/4(750000-625000-25000)
1/4(100000) = 25000
CA Mohit Agarwal
(Chartered Accountant)
(1025 Points)
Replied 24 June 2009
hi purnima
15000*50=725000
12500*50=625000
Commission amt
1/4(725000-625000)
1/4*125000=31250
Total Commission amt = 25000+31250=56250.
COMMISSION AMT IS RS. 56250/-
Skand Kamat
(Student)
(197 Points)
Replied 24 June 2009
Hi Poornima,
My previous answer was wrong. Need use an equaition to solve this problem as the Question says " less total commission there on exceeded a sum calculated". The equation is below -
750000-6250000-(25000+0.25X)=X
125000-25000=X+.25X
100000=1.25X
X = 100000/1.25
X = 80000 is the exceeding amount of gross sales over normal sales less total commission.
So80000*25% = 20000.
Total commission is 20000+25000 = 45000
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