Question

a broker takes 2% as commission for the sale of property of value up to rupees 3,00,000. If the sale price is more than this, the broker changes 1.5% for the remaining amount. If a property was sold for rupees 4,50,000.What was the broker's commission

Answer 1

The commission on 300000= 2%of 300000
300000x2/100=6000₹
And on remaining 150000=1.5%of 150000
=150000x1.5/100
=150000x15/1000
=2250
Total commission=6000+2250=8250₹

Answer 2

Answer: Total broker's commission is Rs. 8250

Step-by-step explanation:

Since we have given that

If the sale price of property = Rs. 300000

Rate of commission = 2%

Amount of commission is given by

$\frac{2}{100}\times 300000\\\\=Rs. 6000$

Now, If the sale price of property = Rs. 450000

Rate of commission on remaining amount = 1.5%

So, Remaining amount is given by

$450000-300000\\\\=150000$

Amount of commission will be

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

So, Total broker's commission is given by

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