a merchant pays 12% commission on total sales and pays del credere at a rate of 3% on credit sales . if cash sales were 6000 and the agent earned 1520as commission find the total sales
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Merchant's total sale was ₹32,667.
Step-by-step explanation:
A merchant pays 12% commission on cash sales and 3% on credit sales.
Total cash sales were = ₹6000
Agent earned his total commission = 1520
commission earned on cash sales = 12% × 6000
= 0.12 × 6000
= ₹ 720
Commission earned by credit sales = 1520 - 720 = ₹ 800
Let the amount of credit sales be x
∴ 3% of x = 800
0.03x = 800
x = 26,666.66
total sales = cash sales + credit sales
= 6000 + 26,667
= 32,667
Merchant's total sale was ₹ 32,667.
Learn more to calculate commission : https://brainly.in/question/7357596
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