Vinodbhai sold his shop through a broker for Rs7,50,000. The broker charged 1% brokerage for this work. What amount did Vinodbhai get on selling the shop?
A
Rs8,42,500
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B
Rs7,42,500
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C
Rs3,42,500
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D
None of these
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Solution
The correct option is ARs7,42,500 Brokerage charge=1%of7,50,000=Rs.7,500
Hence amount received by Vinodhbhai=7,50,000−7,500=Rs.7,42,500