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Question

A person receives a commission of ₹84 in selling a product worth ₹1400. The commission rate in % is ____.
  1. 6


Solution

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 =commission rate×selling price

84 = commission rate×1400

 commission rate=841400

commission rate=0.06=6%

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