Question

A house was sold for Rs.1,50,000. If an agent takes 5% commission, how much will the house owner get?

Answer 1

Step-by-step explanation:

Selling price of house = ₹ 1,50,000

Rate of commission = 5%

$\therefore \: Amount \: of \: commission \: \\ = 5 \% \: of \: 150000 \\ = \frac{5}{100} \times 150000 \\ = 5 \times 1500 \\ = 7500$

Amount received by owner = 1,50,000-7500

= ₹ 1,42,500