An agent of an insurance company gets a commission of 5 % on the basic premium he collects. What will be the commission earned by him if he collects Rs.4800?
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He gets 5% of the premium he Collects
Premium Collected = $4800
So, Commission Gained by him =
=> 5% of $4800
=> 5/100 × $4800
=> $ (5 × 48)
=> $ 240
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