A sales executive gets 20% bonus of the total sales value and 10% commission besides the bonus on the net profit after charging such commission. If the total sales value be Rs. 10 lakh per annum and the total profit of the company be Rs. 1.32 lakh, then his total earning per annum will be, given that he is not entitled to receive any fixed salary from the company :
Choose the correct choice from the following answers
A) 2.3 lakh
B) 2.32 lakh
C) 2.12 lakh
D) 3.2 lakh
E) None of these
Solution: His bonus,   = (20 *1000000) /100 = 2lakh   Total profit = net profit + (10 *net profit) /100   1.32lakh = net profit *[1 + (10/100)]   Net profit = 132000 /1.1= 
<gadget id="calculator">132000 /1.1</gadget>
<output>120_000</output>
120000.   Commission,= (total profit - net profit)   = 132000 - 120000= 
<gadget id="calculator">132000 - 120000</gadget>
<output>12_000</output>
12000.   Hence, his total earnings= 2lakh + 12000 = Rs. 212000.   Answer: Option 2.12 lakh
<result>C</result>
A sales executive gets 20% bonus of the total sales value and 10% commission besides the bonus on the net profit after charging such commission. If the total sales value be Rs. 10 lakh per annum and the total profit of the company be Rs. 1.32 lakh, then his total earning per annum will be, given that he is not entitled to receive any fixed salary from the company :