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Question

A manager gets 5% commission on sales, the cost price of goods sold is Rs. 40,000 which he sells at a margin of 20% on sale. Manager's Commission will be:


A

Rs. 2,000

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B

Rs. 2,500

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C

Rs. 2,800

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D

None of the above

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Solution

The correct option is B

Rs. 2,500


Sales
= Rs. 40,000 + (40,000 * 25%)
= Rs. 50,000

Commission
= 5% of Rs. 50,000
= 5% * Rs. 50,000
=. Rs. 2,500.


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