Ben has a monthly commission plan where he receives 2% commission on all his sales for the month. If his sales exceeds $40,000.00, a bonus of 1% of everything over 40,000.00 is given to him. For sales more than $80,000.00, an additional 1% of everything over 280,000.00 is received. How much is his total commission during a month when he had total sales of 296,500.00?
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Answer:
Step-by-step explanation:
Let total sales is Rs x
Given 5% commission on sale up to Rs 10000
Then 5% of sale 10000 =
100
5
×10000=500 Rs
Then other sale more than 10000=x−10000
So commission on sale more than 10000=
100
4
×(x−10000)
So total commission on sales =
100
4
×(x−10000)+500
So remit =x−[
100
4
×(x−10000)+500]
But given total remit is Rs 31100
∴x−[
100
4
×(x−10000)+500]=31100
⇒25x−x+10000−12500=31100×25
⇒24x=777500−10000+12500
⇒24x=780000
⇒x=32500 Rs
Then total sales is Rs. 32500
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