Question

At 5% commision, an agent received rs.32,500 by selling a second-hand car. At what price did he/she sell tha car?

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Answer 1

Rs 650000

Solution,

Let the price of car be X.

Rate(R)=5%

Here,

Commission % of price of car=32500

or,5% of X=32500

or,5/100*X=32500

or,X=32500*20

X=Rs 650000

Hope it helps

Good luck on your assignment........