A land broker agreed to take a commission of the cost up to first Rs. 20,00,000 at the rate of 2.5% and the next up to Rs. 50,00,000 at the rate of 5% . If a land broker sold the land worth Rs. 60,00,000 . Find the amount of commission that she/he got.
#Solving
According to the question,
2.5% commission is given in sale of first Rs. 20,00,000
5% commission is given in sale of Next Rs. 50,00,000
Commission Amt
20,00,000 * 2.5/100
=50,000
Commissional Amt
60,00,000-40.00.000
40,00,000 * 5/10
=2,00,000
Total Commission = 50,000+ 2,00,000
= 2,50,000
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