A newspaper vendor sells newspapers at a commission of 6%. He earns rs 75 per day. what is the cost of newspapers?
/////////***vvvv.urgent****////////
1.06x = 75
Solve for x.
To find the cost of the newspapers, we can use the given information that the newspaper vendor earns a commission of 6% and earns Rs 75 per day.
Let's assume the cost of the newspapers is "C".
Since the vendor earns a commission of 6%, this means that 94% of the revenue goes towards the cost of the newspapers.
So, we can set up the equation as follows:
0.94 * C = Rs 75
To solve for C, divide both sides of the equation by 0.94:
C = Rs 75 / 0.94
Now, let's calculate the value of C:
C = Rs 75 / 0.94 ≈ Rs 79.79
Therefore, the cost of the newspapers is approximately Rs 79.79.