An agent of an insurance company gets a commission of $5 %$ on the basic premium he collects. What will be the commission earned by him if he collects $₹ 48000$ ?

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Solution

Commission earned by an agent
Basic premium collected by him $= ₹ 48000$
Percentage of commission $= 5 %$
Commission earned by an agent $= 5 % o f 48000$
$\begin{array}{rcl} = & \frac{5}{100} \times 48000 \\ = & ₹ 2400 \end{array}$
Therefore, $₹ 2400$ commission earned by the agent.

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An agent of an insurance company gets a commission of 5% on the basic premium he collects. What will be the commission earned by him if he collects₹48000?

Commission earned by an agentBasic premium collected by him =₹48000Percentage of commission =5%Commission earned by an agent =5%of48000 =5100×48000=₹2400Therefore, ₹2400commission earned by the agent.

An agent of an insurance company gets a commission of $5 %$ on the basic premium he collects. What will be the commission earned by him if he collects $₹ 48000$ ?

Commission earned by an agent
Basic premium collected by him $= ₹ 48000$
Percentage of commission $= 5 %$
Commission earned by an agent $= 5 % o f 48000$
$\begin{array}{rcl} = & \frac{5}{100} \times 48000 \\ = & ₹ 2400 \end{array}$
Therefore, $₹ 2400$ commission earned by the agent.