4. R got 35% hike in his salary and 20% incentive on sales. If R sold goods worth Rs. 850 last year andthe salary was Rs 70, then how much more does he earn this year with sales of Rs.900?204304294454

Answered: how much more does he earn this year…

Business

Accounting

how much more does he earn this year with sales of Rs.900?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

4. R got 35% hike in his salary and 20% incentive on sales. If R sold goods worth Rs. 850 last year and
the salary was Rs 70, then how much more does he earn this year with sales of Rs.900?
204
304
294
454

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Step 1: Calculation of increase in salary due to the 35% hike:

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Step 2: Calculation of incentive earned from sales:

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Step 3: Calculation of total earnings this year:

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Step 4: Calculation of the difference in earnings between last year and this year:

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