Question

A bus owner has sold a bus for Rs. 19,50,000 through an agent who has paid a commission of

0.5% for the first Rs. 10,00,000 and 1.5% for the rest. What sum does the bus owner receive?

Answer 1

18,85,750

Explanation:

agent's commission for the first 10,00,000 rupees is 0.5/100 * 10,00,000 = 50,000 rupees.

The agent's commission for the remaining 9,50,000 rupees is 1.5/100 * 9,50,000 = 14,250 rupees.

The total commission paid to the agent is 50,000 + 14,250 = 64,250 rupees.

Therefore, the bus owner receives 19,50,000 - 64,250 = 18,85,750 rupees.

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