Question

A buyer paid 4%brokerage on buying an old sofa for rupees 10,500 through a broker what amount did the banks spent?​

Answer 1

Answer:

producer or manufacturer of goods generally does not sell his

goods directly to the ultimate consumer. There are agents who purchase

the goods from the manufacturer and sell them to the consumer. In a

sense, such agents bring the manufacturers and the consumers together for

transaction. The remuneration which an agent gets for his services in the

transaction is called commission. Most of the business transactions are

made through intermediate persons.

1.2 RATE OF COMMISSION

The amount of commission that an agent gets in the transact