Use the given information and fill in the boxes with suitable numbers.
Smt. Deepanjali purchased a house for Rs 7,50,000 from Smt. Leelaben through an agent. Agent has charged 2% brokerage from both of them.
(1) Smt. Deepanjali paid
Rs
[ ] brokerage for purchasing the house.
(2) Smt. Leelaben paid brokerage of Rs [ ].
(3) Total brokerage received by the agent is Rs [ ].
(4) The cost of house Smt. Deepanjali paid is Rs [ ].
(5) The selling price of house for Smt. Leelaben is Rs [ ].
Smt. Deepanjali purchased a house for Rs 7,50,000 from Smt. Leelaben through an agent. Agent has charged 2% brokerage from both of them.
(1)
brokerage for purchasing the house.
(We have Commission = Commission Rate
Selling Price
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(2) Smt. Leelaben paid brokerage of Rs [15,000]
(since the agent has charged equal brokerage from both of them).
(3) Total brokerage received by the agent is Rs [30,000].
(15,000 each received from buyer and seller)
(4) The cost of house Smt. Deepanjali paid is Rs [7,65,000].
(Amount Deepanjali paid = Selling Price + Brokerage
Amount paid = 7,50,000 + 15,000 = Rs 7,65,000)
(5) The selling price of house for Smt. Leelaben is Rs [7,35,000].
(Effective Selling Price = Actual Selling Price – Brokerage
Selling price = 7,50,000 - 15,000 = Rs 7,35,000)
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