The document provides examples of calculating commission rates for sales agents. It defines commission as a percentage of the selling price paid to a salesperson. Three examples are given showing how to calculate an agent's commission based on a given commission rate and selling price. The final section poses two practice questions related to calculating commission earned on property sales.

1. NADEEM UDDIN
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OF STATISTICS
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2. Commission
Commission is a sum of money paid to a salesperson for every sale that
he makes.
Commission = Commission rate × Selling price
Example-1
A property agent sold a plot in Karachi for Rs5000000 and received
2% commission. Find agent`s commission.
Solution:
Agent`s commission = 2% of 5000000
Agent`s commission = 0.02 × 5000000
Agent`s commission = Rs.100000

3. Example-2
An agent received Rs.100000 for selling a plot, his rate of commission
was 2%.What was the selling price?
Solution:
Given information
Commission = Rs 100000
Commission rate = 2% = 0.02
Commission = Commission rate × Selling price
100000 = 0.02 × Selling price
Selling price =
100000
0.02
Selling price = Rs.5000000

4. Example-3
At 2% rate of commission a sales agent got Rs.300000 on the sales of
the plots if the price of a plot is 5000000.Find the value of his sales and
the number of plots he sold.
Solution:
Given information
The price of a plot = Rs 5000000
Commission rate = 2% = 0.02
Commission on one plot = 0.02 × 5000000
Commission on one plot = Rs. 100000

5. Number of plots sold =
𝑇𝑜𝑡𝑎𝑙 𝑎𝑚𝑜𝑢𝑛𝑡 𝑜𝑓 𝑐𝑜𝑚𝑚𝑖𝑠𝑠𝑖𝑜𝑛
𝑐𝑜𝑚𝑚𝑖𝑠𝑠𝑖𝑜𝑛 𝑜𝑛 𝑜𝑛𝑒 𝑝𝑙𝑜𝑡
Number of plots sold =
300000
100000
Number of plots sold = 3 plots
Total value of his sales = 3 × 5000000
Total value of his sales = Rs.15000000

6. DO YOURSELF
Q.1 How much does a property dealer receive commission
on a property of worth Rs.2000000 at 1.5 % .
(Ans: Rs.30000)
Q.2 At 1.5% rate of commission a property dealer got Rs.
150000 on the sales of the properties if the price of a
property is 20,00000.Find the value of his sales and the
number of properties he sold?
(Total value = 100,00000 and Number of plots = 5)