Three cars were sold through an agent for
Rs.2,40,000 , Rs.2,22,000 and Rs.2,25,000
respectively. The rates of commission
were 17.5% on the first, 12.5% on the
second. If the agent overall received 14%
commission on the total sales, find the rate
of commission paid on the third car.
Answers
Given : Three cars were sold through an agent for Rs.2,40,000 , Rs.2,22,000 and Rs.2,25,000 . The rates of commission were 17.5% on the first, 12.5% on the second. If the agent overall received 14% commission on the total sales,
To find : the rate of commission paid on the third car.
Solution:
Car Rs.2,40,000
rates of commission 17.5%
Commission = (17.5/100)2,40,000 = Rs 42,000
Car Rs.2,22,000
rates of commission 12.5%
Commission = (12.5/100)2,22,000 = Rs 27,750
Car Rs.2,25,000
rates of commission x%
Commission = (x/100)2,25,000 = Rs 2250x
Total Car Value = .2,40,000 + .2,22,000 + .2,25,000 = Rs 6,87,000
overall received Commission 14%
overall received Commission = (14/100)6,87,000 = Rs 96,180
42,000 + 27,750 + 2250x = 96,180
=> 2250x = 26,430
=> x = 11.75 %
rate of commission paid on the third car = 11.75 %
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