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Worked Examples · Example 8

Q.A broker charges brokerage of 0.5% from both the buyer and the seller. On a transaction worth ₹1,20,000, find the total brokerage the broker earns.

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Brokerage from one party at 0.5%0.5\% of the transaction value:

0.5100×120000=₹600.\frac{0.5}{100}\times120000=₹600.

The broker charges the buyer and the seller alike, so the total brokerage earned is

600+600=₹1,200.600+600=₹1{,}200. …

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