Question

A car lot owner pays his sales people a commission of 10% of total sales. Owner wants to make a profit of 1 lakh on each car. The cost price of a car is Nu90000. What must the selling price of the car be for the owner to make a profit and pay commission?

Answer 1

Answer:

Total sales will be Rs 2,11,111

Step-by-step explanation:

let assume the total sales be X

So, the commission is equal to 10% of X

sales = cost + commission + profit

X = 90000 + 0•1X + 100000

X = Rs 2,11,111