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The Insurance Times
Average Profit 450000
=3
= 150000
25% of 10% of Premium = 25% (10% of
100000)
= 25000 (a)
Profit = 150000
(-) 10% of Premium = (100000)
50000
50% of Balance Profit = 50000 x 50%
= 25000 (b)
Total Profit Commission = (a + b)
= 25000 + 25000
= 50000
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