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Pankaj bought a new house. 2% of the total price of the house will be given to broker as commission. 5% of the price of house is Rs. 2.5 lacs then what is the amount earned by the broker?
  • a)
    Rs. 1,00,000
  • b)
    Rs. 10,000
  • c)
    Rs. 5,00,000
  • d)
    Rs. 15,000
  • e)
    None of these
Correct answer is option 'A'. Can you explain this answer?
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Pankaj bought a new house. 2% of the total price of the house will be ...
Calculation:
- Given, 5% of the price of the house is Rs. 2.5 lacs
- Let the total price of the house be x
- Therefore, 5% of x = Rs. 2.5 lacs
- (5/100) * x = 250000
- x = 250000 * 100 / 5
- x = Rs. 5,00,000

Commission earned by the broker:
- 2% of the total price of the house will be given to the broker as commission
- Commission = 2% of Rs. 5,00,000
- Commission = (2/100) * 500000
- Commission = Rs. 10,000
Therefore, the amount earned by the broker as commission is Rs. 10,000. Option 'A' is the correct answer.
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Pankaj bought a new house. 2% of the total price of the house will be given to broker as commission. 5% of the price of house is Rs. 2.5 lacs then what is the amount earned by the broker?a)Rs. 1,00,000b)Rs. 10,000c)Rs. 5,00,000d)Rs. 15,000e)None of theseCorrect answer is option 'A'. Can you explain this answer?
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