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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/- ? |
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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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