Worked Examples · Example 2
Q.A broker arranges the sale of a plot of land for ₹12,50,000 and charges brokerage at 1.5% from each of the buyer and the seller. Find
(i) the brokerage he receives from the seller and
(ii) his total brokerage.
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✓ Free question
The value of the transaction is ₹12,50,000 and the rate is on each side.
- Brokerage from the seller:
- Total brokerage. The broker charges the buyer the same , so he receives ₹18,750 from each side:
Independent check: of ₹12,50,000 is ₹12,500, so is ₹18,750; doubling gives ₹37,500, which matches.✓Final answer
(i) ₹18,750 from the seller; (ii) total brokerage = ₹37,500.
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