Question

an agent remits to his employer Rs 26900 after deducting 5% commission on first 8000 and 3.5 % commission on the remaining sales. calculate the price of goods sold by him.​

Answer 1

Answer:

Let x be the number of bicycle sold by the agent.

Price of one bicycle = Rs. 950

Selling Price of x bicycles =950x

@12% Commission on 950x =

100

12

×950x

=114x

Agent's Commission = Rs. 1596=114x

→ x=14

∴ Number of Bicycles sold =14

Answer 2

Answer:

The price of the goods sold by the agent is 28,000

Step-by-step explanation:

Let the price of the goods sold by the agent be x

5% commission on the first 8000 is given by

$=\frac{5}{100}(8000)$

= 400

3.5% commission on remaining sales (x - 8000) is given by

$=\frac{3.5}{100}(x-8000)$

$=\frac{3.5x}{100}-280$

Now deduct the total commission in the price of the goods sold by the agent and is equal to 26900

$x-400-(\frac{3.5x}{100}-280)=26900$

$x-\frac{3.5x}{100}=26900+400-280$

$0.965x=27020$

x = 28000

Therefore the price of the goods sold by the agent is 28,000