Q2 of 59 Page 13

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

Price of each share = Rs.45

Commission rate per share = 1.5%


Commission charges per share =


= Rs 0.675


Total commission = 2000 x per share commission


= 2000 x 0.675


= Rs1350


∴ The commission agent gets = Rs1350


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