Iift 2015 Question 44
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IIFT
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