A property dealer charges commission at the rate of 2% on the first Rs 200000 .1% on the next Rs 200000 and 0.5% on the remaining price .find his commissiom on the on the property that has been sold for Rs 540000.
.02 * 200 * 10^3 = 4 * 10^3
.01 * 200 * 10^3 = 2 * 10^3
.005*(540-400)*10^3 = 0.7*10^3
so (4+2+.7)*10^3 = 6.7*10^3 = 6700
20% loss
To find the commission on the property sold for Rs 540,000, we need to calculate the commission for each price range separately and then add them.
The property dealer charges:
1. 2% on the first Rs 200,000.
Commission = 2/100 * 200,000 = Rs 4,000
2. 1% on the next Rs 200,000.
Commission = 1/100 * 200,000 = Rs 2,000
3. 0.5% on the remaining price.
Remaining price = Rs 540,000 - 200,000 - 200,000 = Rs 140,000
Commission = 0.5/100 * 140,000 = Rs 700
Now, let's add up the commissions:
Commission = Rs 4,000 + Rs 2,000 + Rs 700
Commission = Rs 6,700
Therefore, the commission on the property sold for Rs 540,000 is Rs 6,700.