Question

2% commission on sale of a property equals Rs.4,240.What is the value of the property

Answer 1

Answer:

3% commission amounts to Rs. 4740.

Thus 3% of the total value of the property is Rs. 4740. And we have to find out the total value of the property.

Let the total value of he property is x

then 3% of x = 4740

(

100

3

)∗x=4740

(

100

3x

)=4740

3x=474000

x=

3

474000

=Rs.158000