In one month an agent sold 5 plots at shilling 250, 000. She charged a 5% commission for the sale of plots and paid 15% of the commission to her workers. How much money did she remain with?
no
To determine how much money the agent remained with, we need to calculate the total amount of money received from selling the plots, subtract the commission, and then subtract the payment to her workers.
First, let's calculate the total amount of money received from selling the plots.
Number of plots sold = 5
Price per plot = 250,000 shillings
Total sales = Number of plots sold × Price per plot
Total sales = 5 × 250,000
Total sales = 1,250,000 shillings
Next, we need to calculate the commission she charged for the sale of the plots.
Commission rate = 5% of total sales
Commission = Commission rate × Total sales
Commission = 5/100 × 1,250,000
Commission = 62,500 shillings
Now, we need to calculate the payment to her workers, which is 15% of her commission.
Payment to workers = 15% of Commission
Payment to workers = 15/100 × 62,500
Payment to workers = 9,375 shillings
Finally, to determine the amount of money the agent remained with, we subtract the commission and the payment to her workers from the total sales.
Amount remaining = Total sales - Commission - Payment to workers
Amount remaining = 1,250,000 - 62,500 - 9,375
Amount remaining = 1,178,125 shillings
Therefore, the agent remained with 1,178,125 shillings.