BANKING Content

IBPS RRB PO 2018 Question 7

Instructions

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.

Question 7

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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