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Question
A merchant gives 5% commission and 1.5% del credere to his agent. If the agent sells goods worth ₹ 30,600 how much does he get? How much does the merchant receive?
Solution
Merchant gives 5% commission and 1.5% del credere commission.
Goods sold by agent = ₹ 30,600
∴ Commission earned = Rate of commission × Goods sold
= 5% × 30,600
= ₹ 1,530
Delcredere commission earned = 1.5% × 30,600
= ₹ 459
∴ Total commission earned by agent
= ₹ 1,530 + 4,59
= ₹ 1,989
∴ Amount received by Merchant
= Goods sold – Commission given
= 30,600 – 1,989
= ₹ 28,611
∴ Commission given to the agent is ₹ 1,989 and merchant will receive ₹ 28,611 after deducting commission.
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