MCQOPTIONS
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| 1. |
A person procures an object from seller through two agents. First agent charges 20% commission on the cost of purchase and second agent charges 30% commission on the price after sales from first agent. Further 20% tax on the price of sales from second agent is charged from the person. If the person has obtained loan at 8% p.a. simple interest to pay for the object and pays Rs. 3744 as interest for five years? What is the price of the object sold by seller? (in rupees) |
| A. | 3000 |
| B. | 4000 |
| C. | 5000 |
| D. | 6000 |
| E. | 7000 |
| Answer» D. 6000 | |