Question

. The property dealer charges commission at the
rate of 2% on the first * 50,000. 1% on the next
*50,000 and 0.5% on the remaining price. Find his
commission on the property that has been sold for
2,38,000.
Warning- wrong answer will be reported ​

Answer 1

Answer:

2% of 50,000 is 2/100×50,000 = 1000

1% of 50,000 is 1/100×50,000 = 500

So, 0.5% of the remaining price be

2,38,000 - 50,000 + 50,000

2,38,000 - 1,00,000

1,38,000

Therefore 0.5% of 1,38,000 is

0.5/100×1,38,000 = 690

Therefore total commission = 1000+500+690

= 2190

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