Question

(a)Find the commission on Rs65 000 if 4% commission is paid.

(b)On selling an article for Rs2700,a shopkeeper made a profit of 8%.find cost price of the article.

Answer 1

Explanation:

commission amount = 4 % of Rs 65000

=4/100 * 65000

=260000/100

=2600

therefore commision amount is Rs 2600

SP od an article = Rs 2700

profit %=8%

let CP be x

SP=CP + profit% of CP

2700=x + 8/100 *x

2700=100x + 8x/100

2700*100 = 108x

270000=108x

270000/108=x

2500=x

therefore cost price (CP) of an article is Rs 2500.