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Question

A share agent sells 2000 shares at Rs.45 each and gets the commission at the rate of 1.5%. Find the amount the agent gets.

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Solution

Given : Number of Shares =2000
Cost of each share=45
Total selling price =2000×45=90000
Commission =1.5%
Amount agent gets =1.5% of 90000
=1.5100×90000=1350
Therefore agent gets Rs.1350 as commission.

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