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Question
An agent charges 12% commission on the sales. What does he earn if the total sale amounts to ₹ 48,000? What does the seller get?
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Solution
Agent earns commission at 12% on the sales.
∴ Commission to agent = Sales × Rate of commission
`= 48000 xx 12/100`
= ₹ 5760
Net amount received by seller
= Sales – Commission
= 48,000 – 5,760
= ₹ 42,240
∴ Salesman earns ₹ 5,760 as commission and amount received by seller is ₹ 42240.
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