Question

Four alternative options are given for each of the following statements. Select the correct option. If ₹ 1,600 is the commission at 8% for goods sold through a broker, the selling price of the goods is:A. ₹ 18,000 B. ₹ 20,000 C. ₹ 22,000 D. ₹ 24,000

Answer 1

Answer:20000

Step-by-step explanation:

100---------8%

1-------------8/100

20000--------0.8*20000

=1600

Answer 2

Option ( B ) is correct.

Explanation :

Let the selling price ( s.p ) of goods = x

Given ,

8% of commission of goods = Rs 1600

=> 8% * x = Rs 1600

=> ( 8/100 ) * x = 1600

=> x = ( 1600 × 100 )/8

=> x = 200 × 100

=> x = Rs 20000

Therefore ,

Selling price of Goods = ( x ) = Rs20000

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