Question

at what price should goods costing rs.18000 be sold through an agent so that after paying her a commission at 4% on sales, a net profit of 20% on cost can be made?​

Answer 1

Answer:

Solution:Let the selling price be Rs.x.After deducting 4% commission, the net receipt=96% ofx=x10096Now, profit at 20% of Rs. 18,000/-=1002018,000 = Rs. 3,600/-Net receipt = Cost + Profit= Rs. (18,000 + 3,600)= Rs. 21,600/-Thusx10096= 21,600x=1009621600= Rs. 22,500/-Hence, the goods should be sold for Rs. 22,500/

Step-by-step explanation:

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