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Let the total sales be x 1st Condition Salesman gets = x × 8% 2nd Condition Salesman gets = 10000 + (x - 30000) × 6% The difference of 2nd and 1st condition is 2400 Therefore, 10000 + (x - 30000) × 6/100 – x × 8/100 = 2400 10000 + 6x/100 – 1800 - 8x/100 = 2400 10000 – 1800 – 2400 = 8x/100 - 6x/100 5800 = 2x/100 x = 290000
With reference to the Production Linked Incentive Scheme,choose the correct statements from below-
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The term “Money Supply” relates to: