Question

A commission agent got a plot sold for Rs. 35000 and got 2% commission from both the parties. What did the agent get?

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Answer 1

Answer: Rs. 1,400

Explanation:

The agent facilitated the process of the sale of a plot for Rs. 35,000 for which the agent received a commission from both of the parties.

The commission was 2%:

= 2% * 35,000

= Rs. 700

The agent received this amount from both parties so the total commission was:

= 700 + 700

= Rs. 1,400