Question

After reducing a commission of 5% a moped cost 15200 what is its gross value

Answer 1

Let the Gross Value be =

X - 5%(X) = 15,200

X - 0.05X = 15,200

0.95 X = 15,200

X = 15,200/ 0.95 = Rs.16,000

Therefore, gross value is Rs.16,000