Question

Manojbhai bought an old tractor through a broker for Rs.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

$\textbf{\underline{it can be solved by two methods}}$

$\textbf{\underline{method}}$-1:
Brokerage paid by the seller =1 % of 2,50,000
= 1 × 2,50,000/100
= 2,500 Rs.

Brokerage paid by the buyer = 2 % of 2,50,000
= 2 × 2,50,000
= 5,000 Rs.

so, total brokerage earned by broker = 2,500 + 5000 = 7,500 Rs.


$\textbf{\underline{method}}$-2:
the brokerage earned by broker = 1 % + 2% = 3%
total brokerage can be calculated at the rate of 3% on 2,50,000
= 3 × 2,50,000
= 7,500 Rs.