Question

A car was sold at ₹ 80,000 through a broker. The broker charged 2.5 % brokerage from both the seller and the buyer. What is the total amount of brokerage received by the broker?

Answer 1

$2.5\%of80000 + 2.5\%of80000 \: \: \\ = 2.5 \times 80000 \div 100 + 2.5 \times 80000 \div 100 \\ = 2000 + 2000 \\ 4000rs$

Answer 2

Answer:

Amount of brokerage received by the broker =  4,000 Rs.

Step-by-step explanation:

In the question,

Selling price of the car, SP = 80,000 Rs.

Percentage of brokerage charged = 2.5 %

Therefore,

As the Brokerage is charged on the both sides and the sum of money is same.

So,

The total percentage of brokerage charge is = 5 % (2.5 % each)

So,

The brokerage amount is given by,

$Brokerage=\frac{5}{100}\times 80,000\\Brokerage = 4,000\ Rs.$

Therefore, the Amount of brokerage received by the broker is  4,000 Rs.