Question

At what price should goods costing Rs.48,250 be sold through an
agent so that after paying him a commission at 3*1/2
%, a net gain of 20%
on the cost may be made?

Answer 1

Answer:

Rs. 59926.5

Step-by-step explanation:

Given cost price Rs. 48250

Commission of agent is with rate 3½%

first find commission of agent ie 48250×7/2÷100=1688.75 rupees

now add this to cost price ie 48250 + 1688.75= 49938.75

Now find net gain on this price ie cost price in to 120÷ 100= 59926.5 rupees

we need to sell with this price to gain 20%.

Answer 2

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