Question

How much did the seller receive for the property if an agent received a commission of Rs 10,000, and the buyer paid Rs 200,000?

A) Rs 100,000
B) Rs 190,000
C) Rs 200,000
D) Rs 210,000

Answer 1

The seller received Rs 190,000 for the property after the agent's commission of Rs 10,000 was deducted from the buyer's payment of Rs 200,000.

Step-by-step explanation:

To determine how much the seller received for the property after paying the agent's commission, we need to subtract the commission from the total amount paid by the buyer. If the buyer paid Rs 200,000 and the agent received a commission of Rs 10,000, the seller's amount would be Rs 200,000 (total payment) - Rs 10,000 (agent's commission) = Rs 190,000. Therefore, the seller received Rs 190,000 for the property.