A property dealer charges commission at the rate of 2% on the first 50000,one per cent on the next 50000and 0.5%on the remaining price.find his commission on the property that has been sold for 238000.
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Answer:6700
2%on the first 20, 0000 = 2/100*200000 = 4000
1%on second 20, 0000=1/100*200000= 2000
Reamaning price = 540000-(200000+200000) = 140000
0. 5 % on reamaning price = 0. 5of 140000 = 700
Total amount commission charges by dealer = 4000+2000+700 =6700
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