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In May, the respective ratio of amount allocated for commission and amount allocated for discount and others was 4:3. What was the Gross revenue of the magazine in May?
Answer & Solution
Correct Answer:
Option
D
In May, ratio of amount allocated for commission and amount allocated for discount = 4 : 3
In May, amount allocated for commission = 4 × 12000 and 3 × 12000
Amount allocated for discount = 48000 and 36000
∵ Gross revenue in May net revenue + amount allocated for commission
= 336000 + 84000
= Rs. 420000
In May, amount allocated for commission = 4 × 12000 and 3 × 12000
Amount allocated for discount = 48000 and 36000
∵ Gross revenue in May net revenue + amount allocated for commission
= 336000 + 84000
= Rs. 420000
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