Question

A property dealer charges a commission of 2% on the first 25000 rupees and then 1.5 percent on the remainder.
What commission does he charge for selling a plot of 130000

Answer 1

Answer:

54000=200000+200000+140000

∴ The net commission earned on a sale of Rs.540000 is

100

2

×200000+

100

1

×200000+

100

0.5

×140000

=Rs.(4000+2000+700)

=Rs.6000+700

=Rs.6700

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