a broker takes 2% as commission for the sale of property of value up to 3 lakhs .If sale price is more than this the broker charges 1.5% for the remaining amount .if a property was sold for four lakh 50000what was the brokers commission
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Commission upto 3,00,000=2%
Commission taken on a value more than 3,00,000=1.5%
So commission charged on 3,00,000=2/100*300000
=6000
Commission charged on 150000 i.e. 450000-300000=1.5/100*150000
=2250
So,total commission received by the broker is 6000+2250=8250 Ans.
Commission taken on a value more than 3,00,000=1.5%
So commission charged on 3,00,000=2/100*300000
=6000
Commission charged on 150000 i.e. 450000-300000=1.5/100*150000
=2250
So,total commission received by the broker is 6000+2250=8250 Ans.
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