Rahul is working as an insurance agent in a company. He gets commission on all policies. As per the company’s rules, h

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Q 2345791663.     Rahul is working as an insurance agent in a company. He gets commission on all policies. As per the company’s rules, he gets a commission of 6% on a policy upto Rs. 1,00,000 and 5% of the policy amount in excess of Rs.1,00,000. If Rahul is able to give Rs. 2,84,000 to the company after deducting his commission then what was the worth of the policy?
IBPS-PO 2017 Mock Mains
A

Rs. 3,00,000

B

Rs. 1,90,000

C

Rs. 2,50,000

D

Rs. 1,50,000

E

Rs. 2,40,000

HINT


Solution
(Provided By a Student and Checked/Corrected by EXXAMM.com Team)

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