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Question

The price of a long note book is Rs.18. A shop keeper sells 410 note books in a month and receives Rs.1,033.20 as commission. Find the rate of commission

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Solution

Price of one note book is Rs.18.
Price of 410×18=Rs.7,380.
Now the commission received for this amount is Rs.1,033.20. Hence for Rs.100, the commission is
1033.207380×100=14.
Therefore, the rate of commission is 14%.

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