Question

A real estate agent sells a property for $₹90000$. He will get $4\%$ commission on $₹50000$ and another $2\%$ commission on the remaining amount. The total commission that he will receive is ____.

• A. $₹3600$
• B. $₹3200$
• C. $₹3400$
• D. $₹2800$

Answer 1

The correct option is D $₹2800$

Selling price of the property$=₹90000$
Rate of commission on$₹50000=4\%$
Remaining amount $=₹90000-₹50000$
$=₹40000$
Rate of commission on$₹40000=2\%$
Total Commission$=50000\times 4\%+₹40000\times 2\%$
$=₹50000\times \frac{4}{100}+₹40000\times \frac{2}{100}$
$=₹50000\times 0.04+₹40000\times 0.02$
$=₹2000+₹800$
$=₹2800$
$\therefore$ The total commission that he will receive is $₹2800$.