Question

a property dealer charges commission at the rate of 2℅ on the first Rs200000 , 1℅ on the next Rs200000 and 0.5℅ on the remaining price find his commission on the property that has been sold for Rs 540000

Answer 1

Answer:

The total amount of commission charges by the dealer is Rs.8700.    

Step-by-step explanation:

Given : A property dealer charges commission at the rate of 2℅ on the first Rs.200000 , 1℅ on the next Rs.200000 and 0.5℅ on the remaining price.

To find : His commission on the property that has been sold for Rs 540000?

Solution :

A property dealer charges commission at the rate of 2℅ on the first Rs.200000.

i.e. First amount is

$A_1=2\%\text{ of } 200000$

$A_1=\frac{2}{100}\times 200000$

$A_1=4000$

A property dealer charges commission at the rate of 1℅ on the next Rs.200000.

i.e. Second amount is

$A_2=1\%\text{ of } 200000$

$A_2=\frac{1}{100}\times 200000$

$A_2=2000$

Remaining amount is R=540000-200000-200000=Rs.140000

A property dealer charges commission at the rate of 0.5℅ on the remaining price.

i.e. Third amount is

$A_3=0.5\%\text{ of } 140000$

$A_3=\frac{0.5}{100}\times 140000$

$A_3=700$

Therefore, The total amount of commission charges by the dealer is

$A=A_1+A_2+A_3$

$A=4000+4000 + 700$

$A=8700$

Hence, The total amount of commission charges by the dealer is Rs.8700.