Directions (1 - 5): Study the table and answer the given questions.
Note:
I. Net revenue = Gross revenue - Amount allocated for commission – Amount allocated for discount and others.
II. Few values are missing in the table (indicated by - ). A candidates is expected to calculate the missing value, It is required to answer the given question on the basis of the given data and the information.
Months | Gross Revenue | Amount Allocated for Commission | Amount Allocated for Discount and Offer | Net Revenue |
March | Rs. 360000 | Rs. 31200 | - | - |
April | Rs. 320000 | Rs. 28000 | Rs. 16000 | - |
May | - | - | Rs. 36000 | Rs. 336000 |
June | - | Rs. 42000 | Rs. 30200 | Rs. 330000 |
July | - | Rs. 40000 | Rs. 28000 | Rs. 362000 |
In March, if Net revenue of the magazine was 85% of its Gross revenue, what was the amount allocated for discount and others ?
A. Rs. 23200
B. Rs. 24200
C. Rs. 22400
D. Rs. 22800
E. Rs. 21600
Answer: Option D
Solution(By Examveda Team)
In march,Net revenue
= 360000 × $$\frac{85}{100}$$
= 306000
∴ Amount allocated for discount and others
= 360000 - 306000 - 31200
= 54000 - 31200
= Rs. 22800
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