It is currently 23 Jun 2017, 17:51

### GMAT Club Daily Prep

#### Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# How much commission did an agent receive on the sale of a

Author Message
Manager
Joined: 16 May 2004
Posts: 118
Location: Thailand
How much commission did an agent receive on the sale of a [#permalink]

### Show Tags

22 May 2004, 07:23
00:00

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions

### HideShow timer Statistics

This topic is locked. If you want to discuss this question please re-post it in the respective forum.

How much commission did an agent receive on the sale of a 3-year policy insuring a school building against fire?

(1) The school building had a market value of $90,000 and the agent's commission was 18 percent of each yearly premium. (2) The rate charged for the policy was$0.38 for each $100 of fire insurance coverage. _________________ Exceed your goals and then Proceed to Succeed!! Manager Joined: 10 Mar 2004 Posts: 64 Location: Dallas,TX ### Show Tags 22 May 2004, 08:20 combined i guess so (c) Not sure though. SVP Joined: 30 Oct 2003 Posts: 1790 Location: NewJersey USA ### Show Tags 25 May 2004, 10:52 These are wierd questions. If the building is insured for what it is worth now then C is sufficient. If How much it is insured is not known then the answer is E. Because it is possible that the policy may just cover$50000 worth of damage. I am sure GMAT will never have such questions.
25 May 2004, 10:52
Display posts from previous: Sort by