Question

1. A property dealer charges 2% commission from a buyer or a seller of property.
If Mr Ram Lal paid $20,000 as a commission for purchasing a flat, what was the value
of the flat?
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Answer 1

Answer:

let the amount of flat = x

ATQ

x × 2/100 = 20000

2x = 20000×100

2x = 2000000

x = 2000000/2

x= 1000000 rs

Step-by-step explanation: