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10 Sep 2025, 22:00
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C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
15%
(low)
Question Stats:
86% (00:51) correct
14%
(00:49)
wrong
based on 63
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How much compensation did Nio receive for selling 21 home security systems last month?
(1) For each system that he sells, Nio receives a fee of $25 plus a 15 percent commission on the selling price.
(2) The selling prices of the 21 systems that Nio sold totaled $52,500.
(1) For each system that he sells, Nio receives a fee of $25 plus a 15 percent commission on the selling price.
(2) The selling prices of the 21 systems that Nio sold totaled $52,500.
10 Sep 2025, 23:47
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Bunuel
By combining both statements, we have enough information to solve the problem. Ans C
- Statement (1) provides the compensation structure: a flat fee of $25 per system + 15% commission on the selling price.
- Statement (2) provides the total selling price for the 21 systems, which is $52,500.
- Total fixed fees: Nio sold 21 systems, with a $25 fee for each. 21 systems×$25/system=$525
Now understand without selling price we cant get commission so we need statement 2.
Also understand you can get commission using 2, but a flat fee for each system you can only get in A
- Total commission: The total selling price was $52,500, and Nio received a 15% commission. 0.15×$52,500=$7,875
- Total compensation: Adding the total fixed fees and the total commission gives the final amount. $525+$7,875=$8,400
11 Sep 2025, 02:16
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Why the sellling price is not 25? it is said that he receives 25$ for selling each system. So if 'we get an amount' on selling something it is indeed the SP what's so complex here?
If you say there is catch here bcz the SP is not given explicitly then consider this.
I bought a pen for 10$ and after selling it i get 20$ then according to you the CP != 10 and SP != 20 bcz there might be some taxes involved bcz the question doesnt say 'CP and SP' explicitly so it should not be considered as 'CP and SP'. Also in almost 100% question of Interest rate problems it is never mentioned the exact word 'CP and SP' what would you say about that?
If you say there is catch here bcz the SP is not given explicitly then consider this.
I bought a pen for 10$ and after selling it i get 20$ then according to you the CP != 10 and SP != 20 bcz there might be some taxes involved bcz the question doesnt say 'CP and SP' explicitly so it should not be considered as 'CP and SP'. Also in almost 100% question of Interest rate problems it is never mentioned the exact word 'CP and SP' what would you say about that?
VivekSri
