Question

A person receives a commission of ₹84 in selling a product worth ₹1400. The commission rate in $\%$ is ____.

• A. 6

Answer 1

The correct option is A 6
Commission is the remuneration or the money that commission agent gets for services rendered or products sold.​

Selling price = ₹1400

Commission received = ₹84

We know that commission amount =$\text{commission rate}\times \text{selling price}$

$\Rightarrow$ 84 = $\text{commission rate}\times 1400$

$\Rightarrow$ $\text{commission rate}=\frac{84}{1400}$

$\Rightarrow \text{commission rate}=0.06=6\%$