A share agent sells 2000 shares at Rs. 45 each and gets the commission – InterviewSolution

InterviewSolution

1.

A share agent sells 2000 shares at Rs. 45 each and gets the commission at the rate of 1.5%. Find the amount the agent gets.

Answer»

The S.R of 1 share = Rs. 45

The S.P. of 2000 shares = 2000 × 45 = Rs. 90,000

The rate of commission = 1.5%

∴ The commission = \(\frac{1.5\times 9000}{100}\) = Rs. 1350.0

The agent gets Rs. 1350.

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