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Commission and Brokerage

Mr. Talwar so...

Question

Mr. Talwar sold a house to Mr. Khanna through a broker for ₹24 lakhs. The broker received 2% commission from both of them. How much commission did the broker receive overall?

A

₹95600

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B

₹96000

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C

₹94000

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D

₹1,82,000

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Solution

The correct option is B ₹96000
Price of the house = ₹24,00,000
2% commission = $\frac{2}{100} \times 2400000$ = ₹48000.
Total commission received = 48000 + 48000 = ₹96000

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