Sudhir purchased a house for ` 7,00,000 in all
through a broker by giving 3% brokerage and
immediately was sold by him at a profit of 3%. Find :
(i) The commission of the broker.
(ii) The amount received by the house seller.
(iii) The amount gained by Sudhir.
Answers
Given : Sudhir purchased a house for ` 7,00,000 in all through a broker by giving 3% brokerage
immediately was sold by him at a profit of 3%
To Find : (i) The commission of the broker.
(ii) The amount received by the house seller.
(iii) The amount gained by Sudhir.
Solution:
Sudhir purchased a house for ` 7,00,000 in all through a broker by giving 3% brokerage
Price before brokerage ( amount received by house seller) = 100P
Brokerage = (3/100) 100P = 3P
Total Price = 100P + 3P = 103P
103P = 700000
1 = 700000/103P
3P = 3P * 700000/103P = Rs 20,388
brokerage = Rs 20,388.35
Amount received by whole seller = 100P * 700000/103P = 6,79,611.65
3 % profit on 700000
Amount gained by sudhir = (3/100) 700000 = Rs 21000
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