Q5 of 13 Page 57

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



(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)


More from this chapter

All 13 →