If on an investment of R7000000 I get R280000 commission, how much commission would I get on a R1000000 investment

Question

What percentage is (b)280000 of (a)7000000, using the same structure what percentage value would be on (a)1000000

Answer 1

280000/7000000=28/700=4/100=4%. So 4% of 1000000 is 40000.

But 280000 is 280000/1000000=28/100=28% of 1000000.

4% of 1000000=40000.

If R280000 commission is earned on R7000000 (R7 million), then R40000 is earned on R1000000 (R1 million). The investment is reduced to 1/7th so the commission is similarly reduced.