Question

an insurance company offers 1% commission for the first 10 lakh 1.5% for the rest sum of money collected from new client from new client by its agents if the agent is able to collect a sum of rs 1264000 from his new clients .find the total commission

Answer 1

Answer:

iwait for some time i will think and say

Answer 2

Answer:

RS 13960

Step-by-step explanation:

fixed insurance offered = RS 10,00,000

fixed commission % = 1%

fixed commission amount = commission % of fixed  insurance offered

                                      1/1OO * 10,00,000

                                       RS 10,000

additional commission= 1.5 %

real insurance offered =RS 12,64,000

additional commission = additional commission % of (1264000-1000000)

                                         1.5/100 *264000

                                        RS 3960

 fixed commission amount + additional commission amount

  RS 10000+RS 3960

RS 13960

SO, the commission received by agent is RS 13960