MCQOPTIONS
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| 1. |
A person has to procure an object through series of 9 agents. He agrees to pay 2% of the item cost as commission to first agent. For second agent he agrees to pay 5% more commission than he paid to first, for third agent 5% more than the second and so on. What is the total percentage of commission he paid? (Use 1.095 ≈ 1.55) |
| A. | 20 |
| B. | 22 |
| C. | 33 |
| D. | 27.5 |
| E. | 25 |
| Answer» C. 33 | |