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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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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?
