Question

An auctioneer charges 8% for selling a house. If a house is sold for Rs.2, 30, 500; find the charges of the auctioneer.

Answer 1

Selling price of the house = Rs. 2,30,500
Rate of charges of the auctioneer
= 8% of selling price
∴ Charge of the auctioneer
= 8% of 2,30,500
= `(8)/(100) xx 2,30,500`
= Rs.18,440