Question

If the selling price is ₹4,00,000 and commission amount is ₹6,000. The rate of commission is ____.

• A. 3.5%
• B. 0.5%
• C. 1.5%
• D. 2.5%

Answer 1

The correct option is C 1.5%

Selling price = ₹4,00,000

Commission amount = ₹6,000

Let commission rate be x.

So, x% of ₹4,00,000 = ₹6,000

$\Rightarrow \frac{x}{100}\times 4,00,000=6,000$

$\Rightarrow$ $x=1.5$

So, commission rate is 1.5%.