# Concept of Commission

**A commission is the payment an agent gets for selling or buying something on behalf of another person.**

It is usually written as a percentage of the cost price or selling price.

**Example:**

An agent got 2% commission for selling a plot for Rs.1000000. Find his commission.

**Solution:**

Let Sale Price = 1000000

Commission Rate = 2%

Amount of Commission = 2% x 1000000 = $$\frac{2}{{100}}$$x 1000000 = 20000

**Example:**

An agent received Rs.6000 as commission for selling a house. If his commission rate is 2%, what is the selling price?

**Solution:**

Let Selling Price = $$x$$

Commission Rate = 2%

Commission = (Selling Price)(Rate)

6000 = $$x$$x $$\frac{2}{{100}}$$

$$\boxed{x = 300000}$$