A salesman’s terms were changed from a flat commission of 5% on all his sales to a fixed ...

A salesman’s terms were changed from a flat commission of 5% on all his sales to a fixed salary of Rs.1000 plus 2.5% commission on all sales exceeding Rs. 4,000. If his remuneration as per new scheme was Rs. 750 more than that by the previous schema, his sales were worth?

Quiz

Answer/Solution

s. 6,000

Steps/Work

[1000 + (X-4000) * (2.5/100)] - X * (5/100) = 750
X = 6000
ANSWER:B