Question

If a broker charges 2% brokerage from the buyer and the seller both, find the following on a deal of Rs 70,000 struck with the help of the broker:
(1) How many rupees should the buyer pay?
(2) How many rupees would the seller get?
(3) What is the total brokerage got by the broker?

Answer 1

$(1)$ The buyer has to pay Rs $71,400$
$(2)$ The seller gets Rs $68,600$
$(3)$ The broker gets Rs $2800$