Question 44

Sailesh is working as a sales executive with a reputed FMCG Company in Hyderabad. As per the Company’s policy, Sailesh gets a commission of 6% on all sales upto Rs. 1,00,000 and 5% on all sales in excess of this amount. If Sailesh remits Rs. 2,65,000 to the FMCG company after deducting his commission, his total sales were worth:

Solution

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Let total sales be 'x'

The commission that Sailesh will get is x - 265000

He gets 6% on sales upto 100000 and 5% on sales greater than that.

Calculating his commission on total sales:

0.06*100000 + 0.05(x-100000)

Equating, 

0.05x + 1000 = x - 265000

0.95x = 266000

x= 280000

Hence, his sales were worth 280,000

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