A merchant pays 12% commission on total sales and pays delcredre at a rate of 3% on credit sales.If cash sales were Rs 6000 and the agent earned Rs 1520 as commission, find the total sales?
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Answer:
5400
Step-by-step explanation:
Cost of goods sold by the agent = Rs. 45,000.
The agent is to be given a total commission =9%+3%=12%, then
12% commission on total sale
=
100
12
×45000
= Rs. 5400
Thus, the total earning of the agent is Rs. 5400.
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