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?

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?

Answer: 20

Explanation:

For seller A,

Selling price: 20 - 5 = 15

Commission: 15 x (5/100) = Rs. 0.75

For seller B,

Selling price: 20 - 15 = 5

Commission: 5 x (15/100) = Rs. 0.75

So marked price is Rs. 20