Question

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.
(ii) The amount gained by Sudhir.

10 marks question plz share in detail ​

Answer 1

Answer:

i ) commission of broker = 3% of 700000 = 21000

ii ) amount received by house seller = 700000

III ) amount gained by sudhir =700000 + 3% of 700000 ( profit ) - brokers amount = 700000 + 21000 - 21000 = 700000