Question

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. Find his commission on the property that has been sold for Rs. 540000.

Answer 1

Answer:

Step-by-step explanation:

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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Answer 2

Answer:

₹ 6700

Step-by-step explanation:

here 540000 divided in 3 parts

200000, 200000,140000

2% on 2Lakh=4000

1% on 2Lakh=2000

0.5% on remaining 1.40 lakh=700

4000+2000+700=6700 ₹