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by sanju09 » Wed Feb 18, 2009 6:21 am
If a salesman received a commission of 3% of the sales that he has booked in a month, what was the sales booked by the salesman in the month of November 2003?

(1) The sales booked by the salesman in the month of November 2003 minus salesman's commission was $245,000

(2) The selling price of the sales booked by the salesman in the month of November 2003 were 125 percent of the original purchase price of $225,000.
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Re: a commission of 3%

by x2suresh » Wed Feb 18, 2009 6:47 am
sanju09 wrote:If a salesman received a commission of 3% of the sales that he has booked in a month, what was the sales booked by the salesman in the month of November 2003?

(1) The sales booked by the salesman in the month of November 2003 minus salesman's commission was $245,000

(2) The selling price of the sales booked by the salesman in the month of November 2003 were 125 percent of the original purchase price of $225,000.
D
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by earth@work » Wed Feb 18, 2009 7:19 am
D

(1) The sales booked by the salesman in the month of November 2003 minus salesman's commission was $245,000
let sales booked = X
x-3%X = 245000.............suff

(2) The selling price of the sales booked by the salesman in the month of November 2003 were 125 percent of the original purchase price of $225,000.
X = S.P = 125% of 225000 .........suff

What is the OA?
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yes

by naaga » Wed Feb 18, 2009 7:29 am
ans is D
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by sanju09 » Thu Feb 19, 2009 2:34 am
earth@work wrote:D

(1) The sales booked by the salesman in the month of November 2003 minus salesman's commission was $245,000
let sales booked = X
x-3%X = 245000.............suff

(2) The selling price of the sales booked by the salesman in the month of November 2003 were 125 percent of the original purchase price of $225,000.
X = S.P = 125% of 225000 .........suff

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OA is D. Bingo.. all of you guys!
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