Question

If a broker charges 2 % brokerage from the buyer and the seller both, find the following on a deal of ₹ 70,000 struck with the help of the broker:
(1) How many rupees should the buyer pay?
(2) How many rupees would the seller get?
(3) What is the total brokerage got by the broker?

Answer 1

$\textbf{Answer}$

Total deal = 70,000 Rs

1) $\textbf{How many}$ rupees $\textbf{should the buyer pay-}$
Total Deal = 70,000 Rs
Buyer pays 2% of 70,000 to the broker.
=> Buyer pays = 70000 + 2% of 70000
=> Buyer pays = 70000 + (70000×2)/100
=> Buyer pays = 70000 + 1400
=> $\textbf{Buyer pays 71,400 Rs}$


2) $\textbf{How many rupees}$ would $\textbf{the seller get-}$
Total deal = 70,000 Rs
Seller pays 2% of 70,000 Rs to the broker from total deal.
=> Seller gets = 70000 - 2% of 70000
=> Seller gets = 70000 - (70000×2)/100
=> Seller gets = 70000 - 1400
=> $\textbf{Seller gets = 68,600 Rs}$


3) $\textbf{Total brokerage the broker gets-}$
As we calculated above,
Broker gets Rs 1400 from the buyer and Rs 1400 from the seller.
=> Broker gets = 1400 + 1400
=> $\textbf{Seller gets = 2800 Rs}$


$\textbf{Hope My Answer Helped}$
$\textbf{Thanks}$