Question

amita sold her farm to Vanita at loss of 5 percent, which she bought for ₹23,30,750 Vanita sold the farm for ₹24,50,250 to Tanisha . find the profit amount and per cent earned by Vanita​

Answer 1

Let total sales is Rs x

Given 5% commission on sale up to Rs 10000

Then 5% of sale 10000 = 100\5

×10000=500 Rs

Then other sale more than 10000=x−10000

So commission on sale more than 10000= 100\4×(x−10000)

So total commission on sales = 100\4

×(x−10000)+500

So remit =x−[ 100\4 ]

×(x−10000)+500]

But given total remit is Rs 31100

∴x−[100\4] ×(x−10000)+500]=31100

⇒25x−x+10000−12500=31100×25

⇒24x=777500−10000+12500

⇒24x=780000

⇒x=32500 Rs

Then total sales is Rs. 32500