Question

A property dealer charge 2% commission from buyer or seller of property if Mr Ramlal pad 20000 as Commission for purchasing a flat what is the value of flat

Answer 1

let the amount of flat = x

ATQ

x × 2/100 = 20000

2x = 20000×100

2x = 2000000

x = 2000000/2

x= 1000000 rs

Answer 2

Let value of flat = x

Money spent as commission = 20000

we can also write it as

2% of x = 20000

= 2/100 × x = 20000

x = 20000 × 100/2

= 1000000