Question

On selling a piece of land at $6,20,000$, a broker earned $3\%$ from the seller and $1\%$ from the buyer? What is the amount made by broker?

• A. $26,000$
• B. $24,000$
• C. $24,800$
• D. $30,000$

Answer 1

The correct option is C $24,800$

SP of land $=6,20,000$
Selling gives 3% brokerage
Buyer gives 1% brokerage
Total brokerage $=4\%$
$\therefore$ Amount $=\frac{620000\times 4}{100}=24800$