A land broker agreed to take a commission of the cost up to first Rs 20,00,000 at the rate of 2.5% and the next up to Rs 50,00,000 at the rate of 5%. If a land broker sold the land worth Rs.60,00,000,find the commission
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Answer:
The commission on 300000= 2%of 300000
300000x2/100=6000₹
And on remaining 150000=1.5%of 150000
=150000x1.5/100
=150000x15/1000
=2250
Total commission=6000+2250=8250
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