A property dealer charges commission of 3% on first ₹20,000 and 2% of the remaining selling price. Find his commission if a house is sold for ₹ 1,80,000.
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Answer:
Total commission - Rs 600 + Rs 800 = Rs 1,400/-
Step-by-step explanation:
House is sold for Rs 60,000
Commission for 1st 20,000 = 3%
ie 20,000 x \frac{3}{100}
100
3
= 60000/100 = Rs 600
Balance amount - Rs 60,000 - Rs 20,000 = Rs 40,000
Its given that commission for Rs 40,000 is 2%
ie 40,000 x \frac{2}{100}
100
2
= 80,000/100 = Rs 800
Total commission - Rs 600 + Rs 800 = Rs 1,400/-
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