An agent sells goods of value of ₹ 15000. The commission which he receives at the ration of 12 1/ 2%, is

Q: An agent sells goods of value of ₹ 15000. The commission which he receives at the ration of 12 1/ 2%, is

Agent receives commission of the rate = 121/2% Total value of goods sold = ₹ 15000 ∴ Agent's commission = 121/2% of 15000 = [(25/2) x 15000] /100 = ₹ 1875

₹1875
₹2125
₹2000
₹2700

Correct Answer: ₹1875

Explanation:

Agent receives commission of the rate = 12¹/₂%
Total value of goods sold = ₹ 15000
∴ Agent's commission = 12¹/₂% of 15000
= [(25/2) x 15000] /100
= ₹ 1875

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