Mathematics · Profit and Loss

A Business Correspondent (BC) manages a village point for a nationalized bank. His monthly remuneration structure is as follows: • A fixed basic pay of 3,500 Rupees. • 0.40% commission on the total value of cash deposits. • 0.50% commission on the total value of cash withdrawals, capped at 20 Rupees per transaction. • 30 Rupees for every new PMJJBY enrollment and 10 Rupees for every new PMSBY enrollment. In the month of April, the BC recorded the following activity: • Total Cash Deposits: 4,00,000 Rupees (across 80 transactions). • Total Cash Withdrawals: 6,00,000 Rupees. Out of this, 10 transactions were of 10,000 Rupees each, and the rest were small withdrawals where the 0.50% commission was less than 20 Rupees. • Enrolled 20 customers in PMJJBY and 50 customers in PMSBY. Calculate the total monthly income earned by the BC for the month of April.