More Questions from Percentage

Directions: Study the table and answer the given questions. | Months | Gross Revenue | Amount Allocated for Commission | Amount Allocated for discount and offer | Net Revenue | |---|---|---|---|---| | March | ₹ 360000 | ₹ 31200 | — | — | | April | ₹ 320000 | ₹ 28000 | ₹ 16000 | — | | May | — | — | ₹ 36000 | ₹ 336000 | | June | — | ₹ 42000 | ₹ 30000 | ₹ 330000 | | July | — | ₹ 40000 | ₹ 28000 | ₹ 362000 | 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 candidate 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. In March, if Net revenue of the magazine was $85\%$ of its Gross revenue, what was the amount allocated for discount and others?

Aptitude Percentage Difficulty: Medium
Choose an option
  • A
    ₹ 23200
  • B
    ₹ 24200
  • C
    ₹ 22400
  • D
    ₹ 22800
  • E
    ₹ 21600

Answer

Correct Answer: ₹ 22800

Explanation

### Concept & Formula To find the missing discount amount, we use the provided formula rearranged for discount. $$ \text{Discount} = \text{Gross Revenue} - \text{Net Revenue} - \text{Commission} $$ ### Step-by-Step Solution 1. **Given for March:** - Gross Revenue = ₹ 360000 - Commission = ₹ 31200 2. **Calculate Net Revenue for March:** - Net Revenue = $85\%$ of ₹ 360000 - Net Revenue = $0.85 \times 360000 = 306000$ 3. **Calculate Discount:** - Discount = $360000 - 306000 - 31200 = 22800$ ### Exam Strategy & Shortcut Instead of finding $85\%$, you can see that the remaining $15\%$ of the Gross Revenue represents the combined Commission and Discount. $15\%$ of $360000$ is $54000$. Subtract the Commission ($31200$) from $54000$ to get $22800$ rapidly. ### Common Pitfall Calculating the percentage incorrectly or forgetting to subtract the commission from the remaining balance are common errors. ### Final Answer Therefore, the correct answer is **₹ 22800**.
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