Question
An agent gets a commission of 2.5% on sales of cloth. If on a certain day, he gets Rs 12.5 as the commission, what is the worth of the cloth sold on that day ??
Answer
Given ----
Commission rate = 2.5%
Commission amount = Rs 12.50
Total worth of the cloth sold = x = ??
We know,
Commission amount = commission rate * total sales
==>> 12.50 = 2.5% * x
==>> 12.5 = 2.5 /100 * x
==>> 12.5 * 100 = 2.5 x
==>> 1250 = 2.5 x
==>> x = 12500/25
==>> x = 500
Total worth of cloth sold = 500 Rs