Study the following table and carefully answer the given questions.
Note :
(i) Net Revenue = Gross Revenue – Amount Allocated for commission – Amount allocated for discount and others
(ii) Few values are missing in the table (indicated by -). A candidate is expected to calculate the missing value, if it is required to answer the given question, on the basis of the given data and the information.
In March, if Net Revenue of the Magazine was 85% of its Gross Revenue, what was the amount allocated for discount and others?
Solution
Gross revenue in March = Rs. 3,60,000
=> Net revenue = $$\frac{85}{100} \times 3,60,000$$
= Rs. 3,06,000
Amount allocated for discount and others = gross revenue - net revenue - amount allocated for commission
= 3,60,000 - 3,06,000 - 31,200
= Rs. 22,800
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