Question

an insurance collector receives 15% commissions on the premium collected. how much must he collect per week in order that his annual income may be rs.6500

Answer 1

Answer:

Rs 916⅔ per week.

Step-by-step explanation:

To answer this question we need to get the number of weeks in a year.

There are 52 weeks per year.

If he has to earn an annual income of rs 6500 then his weekly income will be :

6500/52 = 125

Per week he should earn rs 125

This is equivalent to 15% of the total premium collected in a week.

We analyze this below :

15% = 125

100% =?

By cross multiplication we can get the 100% which is the total premium.

100/15 × 125 = Rs 916⅔

He should collect a premium of rs 916⅔ per week.