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
- Basic Salary = ₹1200
- Target income = ₹7600 ⇒ Incentive needed = ₹6400
Now, for every ₹10,000 of sales beyond the first ₹10,000, she gets:
- ₹600 (50% of basic salary)
- ₹1000 (10% of ₹10,000)
→ Total incentive per block = ₹1600 - Number of such blocks required = 6400÷1600=46400 ÷ 1600 = 46400÷1600=4
- Total sales =
First ₹10,000 (no incentive) + 4 blocks of ₹10,000
= ₹10,000 + ₹40,000
= ₹50,000