Salesperson 'A' sells an object at a price Rs. 5 less than the marked price, receiving a commission of 5% on the selling price. The same object is sold by person 'B' at a price Rs.15 less than the marked price, receiving a commission of 15% on the selling price. If both A and B receive the same amount in commission, then what is the marked price of the object?
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This question involves calculating the original marked price of an object based on information about how two different salespeople, A and B, sell it and receive commissions.
Both salespeople sell the object at a price less than the marked price and earn a commission based on their respective selling prices. The key piece of information is that they both receive the same amount of commission.
Let's denote the marked price of the object as \( MP \).
Based on this, we can write the selling price for each salesperson:
The commission for each salesperson is a percentage of their selling price:
We can write these commissions using the selling price expressions:
The problem states that both A and B receive the same amount in commission. Therefore, we can set their commission amounts equal to each other:
\( C_A = C_B \)
\( 0.05 \times (MP - 5) = 0.15 \times (MP - 15) \)
Now we need to solve this equation for \( MP \).
First, distribute the percentages on both sides:
\( 0.05 \times MP - 0.05 \times 5 = 0.15 \times MP - 0.15 \times 15 \)
\( 0.05 MP - 0.25 = 0.15 MP - 2.25 \)
Next, gather the \( MP \) terms on one side and the constant terms on the other side. Subtract \( 0.05 MP \) from both sides and add \( 2.25 \) to both sides:
\( 2.25 - 0.25 = 0.15 MP - 0.05 MP \)
\( 2.00 = 0.10 MP \)
Finally, divide by \( 0.10 \) to find the value of \( MP \):
\( MP = \frac{2.00}{0.10} \)
\( MP = 20 \)
The marked price of the object is Rs. 20.
Let's check if the commissions are indeed equal when \( MP = 20 \).
Since both \( C_A \) and \( C_B \) are equal to 0.75, our calculated marked price of Rs. 20 is correct.
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