A forex agent purchased pounds at RSVP.78 per pound worth rs.14040 & sold it at rs.81 per pound. He got 2% commission in both transactions. What is the total commission he earned.
Answers
567.33 Answer
Process
2% commission when he bought
2% commission when he bought = 14040/98%
2% commission when he bought = 14040/98% = 14326.53 ( approx )
2% commission when he bought = 14040/98% = 14326.53 ( approx )he saved 280.53 ( approx ) on first transaction
2% commission when he bought = 14040/98% = 14326.53 ( approx )he saved 280.53 ( approx ) on first transaction2% commission when he sold
2% commission when he bought = 14040/98% = 14326.53 ( approx )he saved 280.53 ( approx ) on first transaction2% commission when he sold = 14040 + 2%
2% commission when he bought = 14040/98% = 14326.53 ( approx )he saved 280.53 ( approx ) on first transaction2% commission when he sold = 14040 + 2% = 14320.8
2% commission when he bought = 14040/98% = 14326.53 ( approx )he saved 280.53 ( approx ) on first transaction2% commission when he sold = 14040 + 2% = 14320.8he saved 280.8 on second transaction
2% commission when he bought = 14040/98% = 14326.53 ( approx )he saved 280.53 ( approx ) on first transaction2% commission when he sold = 14040 + 2% = 14320.8he saved 280.8 on second transactiontotal amount he saved or his total commission = 280.8 + 280.53
2% commission when he bought = 14040/98% = 14326.53 ( approx )he saved 280.53 ( approx ) on first transaction2% commission when he sold = 14040 + 2% = 14320.8he saved 280.8 on second transactiontotal amount he saved or his total commission = 280.8 + 280.53 = 561.33
2% commission when he bought = 14040/98% = 14326.53 ( approx )he saved 280.53 ( approx ) on first transaction2% commission when he sold = 14040 + 2% = 14320.8he saved 280.8 on second transactiontotal amount he saved or his total commission = 280.8 + 280.53 = 561.33His total commission = Rs. 561.33