A salesman gets a flat commission of 5% on all sales and a bonus of 20% on all sales exceeding Rs. 1,00,000. If in a particular month he earns Rs. 55000, what were his sales worth?
Explanation:
Let the monthly sales be denoted by S
Then, by conditions in the problem, 0.05S + 0.2(S – 1,00,000)
⇒ 0.25S – 20,000 = 55,000
⇒ S = Rs. 3,00,000
Hence, option (a).
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