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A certain sum due 3 months hence is 2120 of the present worth, what is the rate of interest? - Mathematics and Statistics

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प्रश्न

A certain sum due 3 months hence is `21/20` of the present worth, what is the rate of interest?

बेरीज

उत्तर

Given, S.D. =`21/20 xx "P.W."`, n = `3/12 = 1/4` years

Since, S.D. = P.W. + T.D.

∴ `21/20  "P.W." = "P.W." + "T.D."`

∴ `21/20  "P.W." - "P.W." = "T.D."`

∴ T.D. = `1/20` P.W.

Also, T.D. = `("P.W." xx "n" xx "r")/100`

∴ `1/20 "P.W." = ("P.W." xx 1/4 xx "r")/100`

∴ `1/20 = "r"/(4 xx 100)`

∴ r = `400/20 = 20 %` p.a.

∴ Rate of interest is 20% p.a.

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Commission and Brokerage Agent
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 1: Commission, Brokerage and Discount - Exercise 1.2 [पृष्ठ ११]

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बालभारती Mathematics and Statistics 2 (Commerce) [English] 12 Standard HSC Maharashtra State Board
पाठ 1 Commission, Brokerage and Discount
Exercise 1.2 | Q 14 | पृष्ठ ११

संबंधित प्रश्‍न

An agent charges 12% commission on the sales. What does he earn if the total sale amounts to ₹ 48,000? What does the seller get?


The income of a broker remains unchanged though the rate of commission is increased from 4% to 5%. Find the percentage reduction in the value of the business.


Deepak’s salary was increased from ₹ 4,000 to ₹ 5,000. The sales being the same, due to reduction in the rate of commission from 3% to 2%, his income remained unchanged. Find his sales.


Three cars were sold through an agent for
₹ 2,40,000, ₹ 2,22,000 and ₹ 2,25,000 respectively. The rates of commission were 17.5% on the first, 12.5% on the second. If the agent overall received 14% commission on the total sales, find the rate of commission paid on the third car.


A retailer sold a suit for ₹ 8,832 after allowing 8% discount on marked price and further 4% cash discount. If he made 38% profit, find the cost price and the marked price of the suit.


An agent charges 10% commission plus 2% delcreder. If he sells goods worth ₹ 37,200, find his total earnings.


An agent who gives a guarantee to his principal that the party will pay the sale price of goods is called ______.


The date on which the period of the bill expires is called


Fill in the Blank.

A _______ is an agent who brings together the buyer and the seller.


Broker is an agent who gives a guarantee to seller that the buyer will pay the sale price of goods.


State whether the following statement is True or False.

The buyer is legally allowed 6 days grace period.


After deducting commission at `7 1/2`% on first
₹ 50,000 and 5% on balance of sales made by him, an agent remits ₹ 93,750 to his principal. Find the value of goods sold by him.


The present worth of ₹ 11,660 due 9 months hence is ₹ 11,000. Find the rate of interest.


An agent sold a car and charged 3% commission on sale value. If the owner of the car received
₹ 48,500, find the sale value of the car. If the agent charged 2% from the buyer, find his total remuneration.


Choose the correct alternative:

A salesman receives 3% commission on the sales up to ₹ 50,000 and 4% commission on the sales over ₹ 50,000. His total income on the sale of ₹ 2,00,000 is ______.


Ananya gets salary of ₹ 15,000 per month and commission at 8% on the sales over ₹ 50,000. If she gets ₹ 17,400 in a certain month, Find the sales made by her in that month


An agent sold a car and charged 3% commission on sale value. If the owner of the car received ₹ 48,500, find the sale value of the car. If the agent charged 2% from the buyer, find his total remuneration


Three cars were sold through an agent for ₹ 2,40,000, ₹ 2,22,000 and ₹ 2,25,000 respectively. The rates of commission were 17.5% on the first, 12.5% on the second. If the agent overall received 14% commission on the total sales, find the rate of commission paid on the third car.

Solution: Total selling Price of three cars = 2,40,000 + 2,22,000 + 2,25,000

= `square`

Commision on total sale = 14%

= `14/100 xx square`

Selling price of First car = ₹ 2,40,000

Rate of commission = 17.5% 

= `17.5/100 xx 2,40,000 = square`

∴ Commission on first car = ₹ `square`

Selling price of Second car = ₹ 2,22,000

Rate of commission = 12.5%

= `12.5/100 xx 2,22,000 = square`

∴ Commission on second car = ₹ `square`

Selling price of third car = ₹ 2,25,000

Let the rate of commission be x

Commission on third car = `x/100 xx 2,25,000`

∴ Commission on third car = Total commission − (commission on first car + commission on second car)

∴ `x/100 xx 2,25,000 = square - {square + square}`

∴ x = `square`


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