Question

A car was bought for 86,000/- and sold for * 92,000/- through a broker who charges
commission of 2 % on purchase and 3 % on sales. Find the total gain on the
transactions.​

Answer 1

Answer:

Purchase. =86ooo

comm. 2%=1720

sales. .92000

comm.3% 2760

profit on sales = 92000-86000

= Rs 6000

less comm. 6000-(1720+2760)

= 6000-4480 = Rs 1520

Total gain=Rs 1520