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Question
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.
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Solution
Let the cash sales made by agent be x
Total sales of agent is ₹ 1,02,000
∴ Credit sales = 1,02,000 – x
Rate of commission on cash sales = 7%
Rate of commission on credit sales = 5%
∴ Total commission earned = Commission on cash sales + Commission on credit sales
∴ 6420 = `x xx 7/100 + (102000 - x) xx 5/100`
∴ `6420 = (7x)/100 + (510000 - 5x)/100`
∴ `6420 = (7x + 510000 - 5x)/100`
∴ `6420 xx 100` = 2x + 510000
∴ 642000 = 2x + 510000
∴ 2x = 642000 - 510000
∴ 2x = 132000
∴ x = 66000
∴ Cash sales = ₹ 66000
Credit sales = 102000 - x
= 102000 - 66000
= ₹ 36000
∴ Cash sales made by agent is ₹ 66,000 and credit sales is ₹ 36,000.
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