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An agent sold a car and charged 3% commission on sale value. If the owner of the car received ₹ 48,500, find the sale value of the car. If the agent charged 2% from the buyer, find his total - Mathematics and Statistics

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प्रश्न

An agent sold a car and charged 3% commission on sale value. If the owner of the car received ₹ 48,500, find the sale value of the car. If the agent charged 2% from the buyer, find his total remuneration

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उत्तर

Let sale value of the car be ₹ x.

Since, agent charged 3% commission on the sale value

∴ Agent’s commission from seller = 3% of sale value

= 3% of x = `3/100 xx x`

= `(3x)/100`

Amount received by the owner = Sale value of the car − Agent′s commission

∴  48,500 = `x - (3x)/100`

∴ 48,500 = `(97x)/100`

∴ x = `(48,500 xx 100)/97`

∴ x = ₹ 50,000

∴ Sale value of the car is ₹ 50,000

∴ Agent's commission from seller = 3% of sale value

= 3% of ₹ 50,000

= `(3 xx 50,000)/100`

= ₹ 1,500

Also, he charged 2% commission to the buyer.

∴ Agent’s commission from buyer = 2% of sale value

= 2% of 50,000

= `2/10 xx 50,000`

= ₹ 1,000

∴ Agent's total remuneration = Commission from seller + commission from buyer

= 1,500 + 1,000

= ₹ 2,500

∴ Sale value of car is ₹ 50,000 and total remuneration of the agent is ₹  2,500.

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Commission and Brokerage Agent
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 2.1: Commission, Brokerage and Discount - Q.4

संबंधित प्रश्‍न

An agent charges 12% commission on the sales. What does he earn if the total sale amounts to ₹ 48,000? What does the seller get?


A salesman receives 3% commission on the sales up to ₹ 50,000 and 4% commission on the sales over ₹ 50,000. Find his total income on the sale of ₹ 2,00,000.


Ms. Saraswati was paid ₹ 88,000 as a commission on the sale of computers at the rate of 12.5%. If the price of each computer was ₹ 32,000, how many computers did she sell?


Priya gets a salary of ₹ 15,000 per month and commission at 8% on the sales over ₹ 50,000. If she gets ₹ 17,400 in a certain month, find the sales made by her in that month.


The income of a broker remains unchanged though the rate of commission is increased from 4% to 5%. Find the percentage reduction in the value of the business.


An agent is paid a commission of 7% on cash sales and 5% on credit sales made by him. If on the sale ₹ 1,02,000 the agent claims a total commission of ₹ 6,420, find his cash sales and credit sales.


Three cars were sold through an agent for
₹ 2,40,000, ₹ 2,22,000 and ₹ 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.


A book seller ₹ 1,530 as 15% commission on list price. Find list price of the books.


An agent charges 10% commission plus 2% delcreder. If he sells goods worth ₹ 37,200, find his total earnings.


The date on which the period of the bill expires is called


Fill in the Blank.

A _______ is an agent who brings together the buyer and the seller.


State whether the following statement is True or False.

The buyer is legally allowed 6 days grace period.


After deducting commission at `7 1/2`% on first
₹ 50,000 and 5% on balance of sales made by him, an agent remits ₹ 93,750 to his principal. Find the value of goods sold by him.


An agent sold a car and charged 3% commission on sale value. If the owner of the car received
₹ 48,500, find the sale value of the car. If the agent charged 2% from the buyer, find his total remuneration.


Choose the correct alternative:

A salesman receives 3% commission on the sales up to ₹ 50,000 and 4% commission on the sales over ₹ 50,000. His total income on the sale of ₹ 2,00,000 is ______.


Choose the correct alternative:

The present worth of ₹ 11,660 due 9 months hence is ₹ 11,000. The True discount is ______


An agent who gives guarantee to his principal that the party will pay the sale price of goods is called ______


State whether the following statement is True or False:

The trade discount is first calculated on the catalogue (list) price


Ananya gets salary of ₹ 15,000 per month and commission at 8% on the sales over ₹ 50,000. If she gets ₹ 17,400 in a certain month, Find the sales made by her in that month


Three cars were sold through an agent for ₹ 2,40,000, ₹ 2,22,000 and ₹ 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.

Solution: Total selling Price of three cars = 2,40,000 + 2,22,000 + 2,25,000

= `square`

Commision on total sale = 14%

= `14/100 xx square`

Selling price of First car = ₹ 2,40,000

Rate of commission = 17.5% 

= `17.5/100 xx 2,40,000 = square`

∴ Commission on first car = ₹ `square`

Selling price of Second car = ₹ 2,22,000

Rate of commission = 12.5%

= `12.5/100 xx 2,22,000 = square`

∴ Commission on second car = ₹ `square`

Selling price of third car = ₹ 2,25,000

Let the rate of commission be x

Commission on third car = `x/100 xx 2,25,000`

∴ Commission on third car = Total commission − (commission on first car + commission on second car)

∴ `x/100 xx 2,25,000 = square - {square + square}`

∴ x = `square`


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An agent was paid ₹ 88,000 as a commission on the sales of computers at the rate of 12.5%. If the price of each computer was ₹ 32,000, how many computers did he sell?


Mr. Pavan is paid a fixed weekly salary plus commission based on percentage of sales made by him. If on the sale of ₹68,000 and ₹73,000 in two successive weeks, he received in all ₹9880 and ₹10, 180. Complete the following activity to find his weekly salary and the rate of commission paid to him.

Solution: Income of Mr. Pavan = Weekly salary + Commission on sales

Salary + Commission on ₹68,000 = ₹9880      ... (1)

Salary+ Commission on ₹73,000 = ₹10,180     ... (2)

Subtracting (1) from (2), we get

Commission on ₹5000 = ₹ `square`

∴ the rate of commission = `square/5000 xx 100` = 6%

Commission on ₹68,000 at 6% = ₹`68000 xx6/100 = square`

From (1) and (3), we get Salary = ₹(9880 - 4080) = `square`

Hence, fixed weekly salary is ₹5800 and the rate of commission is 6%.


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