Vishwasrao sold a plot of land worth 2,50,000 through an estate agent by giving
2.5% commission to the agent. Find the commission he paid and the amount
received by Vishwasrao.
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Step-by-step explanation:
Estate sold worth. = 250000
Commission to Agent = 2.5%
It meant that Vishwasrao sold the estate for 250000 and 2.5 percent of the cost os estate is given to the Agent.
i.e. Commission Amount = Total Cost × Percent of Commission
Commission Amount = 250000 × 2.5%
= 250000 × 2.5/100
= 250000 × 25/1000
= 250 × 250
= 62500
Therefore the Commission given to the agent is 62500.
Amount Left with Vishwasrao = 250000 - 62500
= 187,500.
Hope it helped you !!
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