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.

Answer 1

.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

Answer 2

20% loss