Abroker takes 2% as commission for the sale of property of value up to rupees 3,00,000. if the sale price is more than this, the broker changes 1.5% for the remaining amount. if a property was sold for rupees 4,50,000.what was the broker's commission.

The broker's commission was rupees 8,250

Step-by-step explanation:

Selling price of property = rupees 450,000

The sale price is higher than rupees 300,000

Commission for rupees 300,000 = 2% × rupees 300,000 = rupees 6,000

Remaining amount = rupees 450,000 - rupees 300,000 = rupees 150,000

Commission for the remaining amount = 1.5% × rupees 150,000 = 0.015 × rupees 150,000 = rupees 2,250

Total commission = rupees 6,000 + rupees 2,250 = rupees 8,250

$75.00

step-by-step explanation:

i = prt

i = 1,5000 * 0.025 * 2

i = 75