The mediator who helps buying and selling of houses, sites, vehicles etc., is called commission agent or broker.
The money that the broker or agent receives in the deal is called brokerage or commission.
Commission is calculated on the transaction amount in percentage.
Commission per hundred rupees is called commission rate.
Commission = Commission rate ×S.P
Selling price = 100/commission rate ×𝑐𝑜𝑚𝑚𝑖𝑠𝑠𝑖𝑜𝑛.
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