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Question
A book seller ₹ 1,530 as 15% commission on list price. Find list price of the books.
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Solution
Let the list price of books be x.
A book seller received ₹ 1,530 as 15% commission on list price.
Commission earned = List price × Rate of commission
∴ `1,530 = x xx 15/100`
∴ x = `(1,530 xx 100)/15`
∴ x = 10,200
∴ List price of the books is ₹ 10,200.
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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)
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Hence, fixed weekly salary is ₹5800 and the rate of commission is 6%.
