When Nikita sold her old two wheeler vehicle she got Rs 17150 after paying her agent 2% commission. What is the selling price of the vehicle.
0.98x = 17150
17500
0.98 x = 17150
X = 17150
_______
0.98
X = 17150 × 100
-------------------
98
X = 17500
98 17150
----- = ------------
100 X
X = 17150 × 100
---------------------
98
X = 17500
Commission paid= 2%
For RS.100, Nikita gets RS.98.
So, for RS.x, she got RS.17,150.
Ratio: 100:x = 98:17150
Cross multiplication,
x = 17150 × 100 ÷ 98
x = Rs.17500
Selling price= RS.17500.
To find the selling price of the vehicle, we need to first determine the original selling price before the agent's commission was deducted.
Let's assume the selling price of the vehicle is 'S'.
From the given information, we know that Nikita received Rs 17150 after paying her agent a 2% commission. This means that the agent's commission is 2% of the original selling price, which can be represented as 0.02*S.
So, the remaining amount Nikita received after paying the agent is the original selling price minus the agent's commission, which can be expressed as:
S - 0.02*S = Rs 17150
Now, we can simplify the equation:
0.98*S = Rs 17150
Dividing both sides of the equation by 0.98 to isolate 'S', we get:
S = Rs 17150 / 0.98
Using a calculator, we can evaluate the expression:
S ≈ Rs 17576.53
Therefore, the selling price of the vehicle is approximately Rs 17576.53.