Question

Manojbhai bought an old tractor through a broker for Rs $2,50,000.$ The broker charged $1\%$ brokerage from the seller and $2\%$ brokerage from the buyer. What is the total amount of brokerage received by the broker?

Answer 1

Broker charge received from seller $=$ $1\%$ of $250000$

$=\frac{250000}{100}$

$=2500$

Broker charge received from buyer $=2\%$ of $250000$

$=\frac{2\times 250000}{100}$

$=5000$

So, Total Brokerage received by Broker $=2500+5000$

$=$ Rs$7500$