Read the information given below carefully and answer the question that follows:
Aditi, a salesgirl is appointed at a basic salary of ₹1200 per month. The condition of employment further stated that for every sale of ₹10000 or above she does, she will get 50% of basic salary and 10% of the sales as special incentive. However, this incentive scheme shall not work on the first ₹10000 of sales made. What should be the value of sales if Aditi wants to earn ₹7600 in a particular month?
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → ₹50000
Aditi always gets her basic salary of ₹1200. On top of it, every full ₹10000 of sales earns an incentive of 50% of the basic salary plus 10% of that ₹10000 — but not the first ₹10000 of sales.
The incentive for each ₹10000 of sales (50% of the basic salary plus 10% of the ₹10000):
50% of ₹1200 \(=600\)
10% of ₹10000 \(=1000\)
Incentive for each ₹10000 of sales \(=600+1000=\) ₹1600
The sales needed (no incentive is paid on the first ₹10000):
Incentive she needs \(=7600-1200=\) ₹6400
Blocks of ₹10000 needed \(=6400\div1600=4\)
That is, ₹40000 of sales that earn the incentive
Adding the first ₹10000: total sales \(=40000+10000=\) ₹50000