An agent sells goods of value of ₹ 15000. The commission which he receives at the ration of 12 1/ 2%, is
Correct Answer: ₹1875
Explanation:
Agent receives commission of the rate = 121/2%
Total value of goods sold = ₹ 15000
∴ Agent's commission = 121/2% of 15000
= [(25/2) x 15000] /100
= ₹ 1875
