a house was sold through a commission agent. his charges were at the rate of 3% on the first 20000₹ and 1%on the remaining value. if he received 950₹ as a commission, find the amount for which the house was sold.
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Answer:
Step-by-step explanation:
Let the sold amount be( x)
Given amount =20000 at 3%
Remaining amount will
be=(x-20000) at 1 %
Total commission=950
Now, According to the question, we get
===3%of 20000+1%of(x-20000)=950
===3/100×20000+(x-20000)/100=950
===600+(x-20000)/100=950
===(x-20000)/100=950-600
===(x-20000)=350×100
===(x-20000)=35000
===x=35000+2000
Therefore X=55000
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