An agent remits to his employer 26,900 after deducting. 5% commision on first 8,000 and 3% commission on the remaining sales. Calculate the price of goods sold by him.
Answers
Answer:
26,900-8,000=Answer18,900
Given :- An agent remits to his employer 26,900 after deducting. 5% commision on first 8,000 and 3% commission on the remaining sales. Calculate the price of goods sold by him. ?
Solution :-
Let us assume that the price of goods sold by him is Rs. x .
so,
→ Commission on first 8000 = 8000 * 5/100 = Rs.400
and,
→ commission on remaining sales = (x - 8000) * (3/100) = Rs. 0.03(x - 8000)
now,
→ Total commission earned = Price of goods - Amount remits .
→ (x - 26900) = 400 + 0.03(x - 8000)
→ x - 26900 = 400 + 0.03x - 240
→ x - 0.03x = 160 + 26900
→ 0.97x = 27060
→ x ≈ Rs.27896.90 (Ans.)
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