Q1114
Factory manager gets 10% commission on net profit after charging such commission. If profit is Rs. 2200 then commission will be?
A.
Rs. 220
B.
Rs. 200
AnswerC.
Rs. 240
D.
Rs. 244.44
Answer: Option B
Solution
Answer: Option B
Solution:
Here's how to solve this commission problem: The factory manager gets a commission on the net profit *after* the commission itself is deducted.
This means we can't simply take 10% of Rs. 2200.
Let's say the commission amount is 'C'.
Then the net profit *after* commission is (Rs. 2200 - C).
The commission is 10% of this net profit, so we can write the equation: C = 0.10 * (2200 - C).
Now, let's solve for C:
C = 220 - 0.10C
C + 0.10C = 220
1.10C = 220
C = 220 / 1.10
C = 200
Therefore, the commission will be Rs. 200.
So, the correct answer is Option B: Rs. 200.