Get premium membership
and access revision papers with marking schemes, video lessons and live classes.
After allowing his customer a 5% discount on the marked price a sales agent sold a second hand bus at sh 1 140 000. The owner of the bus received sh 1 003 200 from the sales agent after the latter had deducted his commission.
a) Determine the marked price of the bus.
b) Calculate the percentage commission the agent received
c) By selling the bus this way the owner incurred a loss of 25%. Calculate the amount he had paid for the bus.
d) Calculate the price of the new bus given that the amount received was only 30% of the price of the new bus.