Question

A farmer purchased a cow through a broker. The selling price of the cow is ₹10,000. if brokerage paid is 2 1/2% find the brokerage and cost of cow.

Answer 1

Selling Price(SP) = 10000

Brokerage,b = 2.5%

Let the cost price be CP

SP = CP + CP*0.025

10000 = CP(1+0.025)

CP = (10000)/1.025

CP = 9756. 09

Brokerage,b = SP - CP = 10000 - 9756.09 = 243.91

Answer 2

Answer:

The brokerage is  ₹243.90 and the cost of the cow is ₹9756.10.

Step-by-step explanation:

A broker is a licensed salesperson who represents the buyer of a property in the real estate market. A broker's duties while representing a seller may involve figuring out a property's market worth. The house will be put up for sale and advertised.

Assume that the cost of the cow is ₹x.

The brokerage paid is 2 1/2% on the cost of cow.

2 1/2% = 2.5%

The brokerage for the cow is 2.5% × x = 0.025x

The selling price of the cow is x + 0.025x.

According to the question,

x + 0.025x = 10,000

Add like terms:

1.025x = 10,000

Divide both sides by 1.025:

x = 10000/1.025

x = 9756.10.

The brokerage for the cow is  9756.10 × 0.025 = ₹243.90.

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