Question

A broker takes 2% as commission for the sale of property of value up to 3,00,000. If the sale
price is more than this, the broker charges 1.5% for the remaining amount. If the total property
was sold for 750000 what was the broker's commission?​

Answer 1

If the sale price of property = Rs. 300000

Rate of commission = 2%

Amount of commission is given by

$\frac{2}{100}\times 300000 =$ $\\ Rs. 60000$

Sale price of property = Rs. 450000

Rate of commission on remaining amount = 1.5%

Remaining amount is given = 450000 - 300000 = 150000

Amount of commission will be

$\frac{1.5}{100}\times 150000\\\\=Rs.2250$

Total broker's commission is given by

$2250 + 6000\\\\=Rs. 8250$

Amannnscharlie

Answer 2

8250 is the answer

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