Question

Manojbhai bought an old tractor through a broker for ₹ 2,50,000. The broker charged 1 % brokerage from the seller and 2 % brokerage from the buyer. What is the total amount of brokerage received by the broker?

Answer 1

Manoj bhai bought an old tractor through a broker for 2,50,000

Broker charged 1% brokerage from seller = 1% of 250000 = 250000/0.01 = 2500

2% broker from the buyer = 2% of 250000 = 250000/0.02 = 5000

total amount of brokerage received by the broker = 5000+2500 = 7500