A broker takes 2% as commission for the sale of property of value up to rupees 3,00,000. If the sale price is more than this, the broker changes 1.5% for the remaining amount. If a property was sold for rupees 4,50,000. What was the broker's commission.

Question

Mathematics

Rhianna Daniel

25 May, 00:58

A broker takes 2% as commission for the sale of property of value up to rupees 3,00,000. If the sale price is more than this, the broker changes 1.5% for the remaining amount. If a property was sold for rupees 4,50,000. What was the broker's commission.

+1

Answers (1)

Know the Answer?

Cason Baker · Answer 1

The broker's commission was rupees 8,250

Step-by-step explanation:

Selling price of property = rupees 450,000

The sale price is higher than rupees 300,000

Commission for rupees 300,000 = 2% * rupees 300,000 = rupees 6,000

Remaining amount = rupees 450,000 - rupees 300,000 = rupees 150,000

Commission for the remaining amount = 1.5% * rupees 150,000 = 0.015 * rupees 150,000 = rupees 2,250

Total commission = rupees 6,000 + rupees 2,250 = rupees 8,250