1.

An insurance collector receives 15% commissions on the premium collected. How much must he collect per week in order that his annual income may be ` 6500/- ?

Answer»

Explanation:

suppose,

INSURANCE collector collects x PREMIUM per day

so

commission per day will be=(x*15)/100=(3*x)/20

according to question

((3*x*365)/20)=6500

so,x=118.72 per day

for a week =7*118.72=831.04 per week

total INCOME for a week will be 831.04



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