Question

a property dealer charges a commission of 2% on the first ₹25000 and 1.5%on the remainder.what commission does he charge for selling a plot of land for ₹130000?

Answer 1

Commission on 25000 =2%

2% of 25000=25000x2/100=₹500

Remaining =130000-25000=105000
1.5% of 105000=105000x1.5/100=₹1575

Total commission =500+1575=₹2075

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