Question

The commission for Rs 5000 at the rate of 3% is​

Answer 1

Answer:

=5000×3/100

=₹150

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Answer 2

Given:

An amount of Rs 5000

Rate of 3%

To find :

The commission for Rs 5000 at the rate of 3%

Formula to be used:

X% of Y = $\frac{X}{100}$ × Y

Solution:

We can find the commission for Rs 5000 at the rate of 3% by using the following formula,

X% of Y = $\frac{X}{100}$ × Y

Let, X = 3 and Y = 5000

3% of 5000 =  $\frac{3}{100}$ × 5000

3% of 5000 = 3 × 50

3% of 5000 = 150

Therefore, The commission for Rs 5000 at the rate of 3% is​ Rs 150

Final answer:

The commission for Rs 5000 at the rate of 3% is​ Rs 150.