Question

An insurance agent earns a commission of 15% on the insurance he sells. In addition, he
earns a monthly salary of Rs. 15,000. What is his income for the month in which he sells
insurance worth Rs. 2,60,000?​

Answer 1

Answer:

insurance agent will earn 54,000 for the month

Explanation:

if he sells 2,60,000 insurance

so from that he gets 15% so

x/2,60,000 * 100=15

x= 39000

so agent get 39000 from selling of insurance

and his monthly salary is 15000

so the total he earn is

54000

Answer 2

His income for the month is Rs 54,000

Given,

Insurance agent earns -

15% commission on Insurance sold

Rs 15,000 Monthly Salary

To Find,

Monthly earnings when he sold Insurance worth Rs. 2,60,000

Solution,

Total Income for the month =  Monthly Salary + Commission earned

Monthly Salary = Rs 15000

Commission Earned = 15% of 260000

Commission Earned = 15/100 x 260000

Commission Earned = 15 x 2600

Commission Earned = Rs 39000

Total Income for the month =  Rs 15000 + Rs 39000

Total Income for the month = Rs 54000

Therefore, the agent earned Rs 54000 in that month.

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