Question

A person insures ₹ 26,000 through an insurance agent. If the agent gets ₹ 650 as the commission, find the rate of commission.

Answer 1

Answer:

40.

Step-by-step explanation:

rate of commission :

insurance/agent commission

26000/650

we will get,

40

Hence, the rate of commission is rupees 40.

Answer 2

Answer:

The rate of commission is 2.5%

Step-by-step explanation:

Let r be the rate of commission.

A person insures ₹ 26,000 through an insurance agent.

So, Commission = $r\% \times 26000$

Amount of commission = ₹ 650

So,  $r\% \times 26000 = 650$

$\frac{r}{100} \times 26000 = 650$

$r \times 260 = 650$

$r= \frac{650}{260}$

$r=2.5$

Hence the rate of commission is 2.5%