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Samir purchased a house for Rs. 155965. He wants to sell it for a profit of exactly 15%. However, he does not want to sell it himself. He wants a Real Estate Agent to sell it for him. The Agent must make a commission of exactly 5.6% (in addition to Samir's 15% profit). How much must the Agent sell the house for? Give your answer to the nearest Rs.?
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March 27th, 2010 - 00:02
badluck, gaurav
chitan got it correct.
u have calculated 15% of 155965 wrong.
September 30th, 2009 - 02:13
for 15% profit on 155965
S.P. = 155965 + 15% OF 155965 = 179374.75
let S.P.= x
Now after deducting 5.6% commision on x
94.4% of x=179374.75
On solving,
x=190015.625 Ans.
September 29th, 2009 - 09:51
agent must sell the house at 186094
September 23rd, 2009 - 11:09
x = 155965 (purchase price)
x1 = 15% profit ( x + (x* 0.15)) = 179359.75
Agents commission 5.6% of sell price.
Therefore, Selling price y = (y *0.056) + x1
0.994 y = x1
y = 189999.7352
Selling value = 189999.7352
Agent’s comission (5.6%) from sell value = 10639.98517
Profit of 15% on purchase price (23394.75)
September 22nd, 2009 - 21:37
178093.79rs.. is the selling price of the building