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Commission and Brokerage

Four alternat...

Question

Four alternative options are given for each of the following statements.

Select the correct option.

One sells his bike through a broker by paying Rs 200 brokerage. The rate of brokerage is 2%. The selling price of the bike is:

A. Rs 12,000

B. Rs 10,000

C. Rs 14,000

D. Rs 12,500

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Solution

Let Rs. x be the selling price of the bike.

Correct Option: B

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Similar questions

Four alternative options are given for each of the following statements.

Select the correct option.

The brokerage amount for a deal of Rs 25,000 at 2% rate of commission is:

A. Rs 500

B. Rs 250

C. Rs 5,000

D. Rs 2,500

Four alternative options are given for each of the following statements.

Select the correct option.

If Rs 1,600 is the commission at 8% for goods sold through a broker the selling price of the goods is:

A. Rs 18,000

B. Rs 20,000

C. Rs 22,000

D. Rs 24,000

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2.5

Four alternative options are given for each of the following statements.

Select the correct option.

The marked price of an article is Rs 200. If 15% of discount is allowed on it, its selling price is:

A. Rs 185

B. Rs 170

C. Rs 215

D. Rs 175

Four alternative options are given for each of the following statements.

Select the correct option.

By selling note book for Rs 22 a shopkeeper gains 10%. The cost price of the book is:

A. Rs 18

B. Rs 30

C. Rs 20

D. Rs 22

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