Question

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

Answer 1

Solution :

Total shares = 2000

Cost of each share = Rs 45

commission = 1.5%

i ) Selling price of Total shares

= 2000 × 45

= Rs 90000

ii ) Commission = 1.5% of Rs 90000

= ( 1.5/100 ) × Rs 90000

= Rs 1350

Therefore ,

Agents commission = Rs 1350

••••

Answer 2

Answer:

Step-by-step explanation:

Total shares = 2000

Cost of each share = Rs 45

commission = 1.5%

i ) Selling price of Total shares

= 2000 × 45

= Rs. 90000

ii ) Commission = 1.5% of Rs 90000

= ( 1.5/100 ) × Rs 90000

= Rs 1350

Therefore ,

Agents commission = Rs 1350