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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 July, if 40% of the gross revenue of the Magazine was collected from Advertisement, what was the amount of gross revenue collected from advertisement in that particular month ?
In July,
Gross revenue = net revenue + amount allocated for commission + amount allocated for discount
= 3,62,000 + 40,000 + 28,000
= Rs. 4,30,000
Now, 40% of the gross revenue of the Magazine was collected from Advertisement
$$\therefore$$ Amount of gross revenue collected from advertisement in July
= $$\frac{40}{100} \times 4,30,000$$
= Rs. 1,72,000
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