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salesman received a commission

by sanju09 » Mon Apr 04, 2011 1:56 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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by manpsingh87 » Mon Apr 04, 2011 2:34 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.
1) sales=x, commission= .03x

x-.03x=24500 hence sufficient

2) sales booked x = 1.25*22500

therefore is sufficient to answer the question...! hence D
Last edited by manpsingh87 on Mon Apr 04, 2011 11:12 pm, edited 1 time in total.
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by avdhutgmat » Mon Apr 04, 2011 9:30 am
manpsingh87 wrote:
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.
1) sales=x, commission= .3x

x-.3x=24500 hence sufficient

2) sales booked x = 1.25*22500

therefore is sufficient to answer the question...! hence D
one small correction commision will be 0.03x everythng else fine aggred
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by manpsingh87 » Mon Apr 04, 2011 11:12 pm
avdhutgmat wrote:
manpsingh87 wrote:
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.
1) sales=x, commission= .3x

x-.3x=24500 hence sufficient

2) sales booked x = 1.25*22500

therefore is sufficient to answer the question...! hence D
one small correction commision will be 0.03x everythng else fine aggred
oops agreed.. typo error...!!! i'm editing my previous post..!!!
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by vinni.k » Sat Nov 11, 2017 8:59 am
I am a little confused in s(2)

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.

OA is D

To find:- sales booked in the month of November 2003.
S(2) : selling price of the sales in the month of November 2003 were 125% of the cost price.

S(2) talks about the selling price, nowhere i can see it's relationship with sales in the month of November.

Moreover, S(1) and S(2) are contradicting one another

S(1):- x- .03x = 245000 = 252577.319
S(2):- x = 1.25*225000 = 281250

Please clarify. From my stand point OA should be A

Thanks
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