Question

Sam sold his flat to John for rupees 88,00,000 through an agent. The agent charged 2% commission for both of them. Find how much commission the agent got.

Answer 1

₹352000 amount the agent got

Step-by-step explanation:

GIVEN

Selling Price = ₹8800000

Rate Of Commission = 2%

___________________________

TO FIND

How much amount did the agent got

___________________________

We know that,

Sam sold his flat to john for rupees 8800000 through an agent and the agent charged 2% commission from both of them

Means

We need to find 2 percent of 8800000

We know that,

Percent = Part Value / Total Value × 100

Part Value = Percent × Total Value / 100

Here,

Percent = Commission Percent = 2%

Total Value = Amount = 8800000

Part value = Commission = ?

We know that,

Part Value = Percent × Total Value / 100

Part Value = 2 × 8800000 / 100

Part Value = 17600000 / 100

Part Value = 176000

Commission = ₹176000

We know that,

The agent charged 2% commission from both of them

So

Commission = 2 × 176000

Commission = 352000

Commission = ₹352000

₹352000 amount the agent got