Nikita sold two wheeler through agent she got Rs 17150 for it after paying agrnt if commission was paid at 2% find selling price
1.02 x = 7150
so
x = 7150/1.02
Commission = 2%
For Rs.100 Nikita gets RS.98.
Therefore for Rs.x she got RS.17,150.
100:x = 98:17150
Cross multiplication
x = 17150 × 100 ÷ 98
x = RS. 17500
To find the selling price of the two-wheeler, we need to work backwards considering the commission paid to the agent.
Let's denote the selling price as "S".
According to the given information, after paying the agent's commission of 2%, Nikita received Rs 17150.
We know that agent commission = Selling price * commission rate.
So, agent commission = S * 2/100 = S/50.
From the equation, we can write:
S - S/50 = Rs 17150.
Simplifying the equation:
(50S - S)/50 = Rs 17150.
(49S)/50 = Rs 17150.
To find S, multiply both sides of the equation by 50/49:
S = (50/49) * Rs 17150.
S ≈ Rs 17551.02.
Therefore, the selling price of the two-wheeler is approximately Rs 17551.02.