Question

at what price should electric heater costing Rs. 48250 be sold through an agent so that after paying him commission of 3.5% on sales, a net gain of 20% be made​

Answer 1

Answer:

Step-by-step explanation:

Let selling price be Rs X

After deducting 3.5 % commission,the net receipt= 96.5% X

=96.5x/100

Now profit at 20% of Rs 48250= (20/100)*48250=rs 9650

Net receipt = cost + profit

= 48250+9650=57900

Thus (96.5X)/100=57900

Therefore x= Rs 60000