Question

A merchant asked his agent to sell 250 hats at 2% commission and to

invest the balance in purchasing ties. The agent charged 1

2

1

%

commissions on both the transactions. Find the price for which a hat was

sold.​

Answer 1

Answer:

selling price of agent = 250

commission = 2%

the agent charged =1

2% of 250 is 1

2/100 × 250 = 1

5 = 1

1/5