Question

3% commission on the sale of a property amounts to rs. 42660 . What is the total value of the property ? please help me to solve this sum in elaborate process .

Answer 1

3% commission amounts to Rs. 42660.
Thus 3% of the total value of the property is Rs. 42660. 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 = 42660
⇒(3/100) × x = 42660
⇒3x/100 = 42660
⇒3x = 42660×100
⇒x = (42660×100)/3
⇒x = Rs. 1422000

So the total value of the property is Rs. 14,22,000.

Answer 2

x - the property value

3x/100=42660
3x=42660*100
3x=4266000
x=4266000:3
x=1422000