Mr.Shah sold hus house to Mr. Patil at Rs. 300000 through an agent. Agent collected 2% commission from both of them. Find the commission received by the agent. Also find the cost of house gir Mr. Patil and the amount received by Mr. Shah.
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Let us say Mr.X opened the account with the deposit of Rs.2,00,000 individually. Along with this, he opened one more account with his wife Mrs.X in joint name. In this joint account, he deposited Rs.5,00,000. Then for Mr.X the total investment is Rs.2,00,000 from his account and Rs.2,50,000 from the joint account. So his limit for investing in Post Office Monthly Income Scheme or MIS for Mr.X is exhausted.
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