Question

A property dealer charges 2% commission from a buyer or seller of the property. If Mr Ramlal paid rupees 20000 as a Commission for purchasing a flat. what was the value of the flat ?​

Answer 1

Answer:

Step-by-step explanation:

Let the value of the flat = x

% charged by the property dealer as commision = 2%

Amount paid as a commission = 20,000

=> 2% of rs.X = rs 20,000

= 2/100*x = 20,000

= rs.x = 20,000*100/2

= rs.x = rs 10,00,000

=> value of the flat = rs.10,00,000

Answer 2

Step-by-step explanation:

let the value of the flat be x.

commission charge=2%

commission= ₹20000

2% × x = ₹20000

2/100 × x =₹20000

x=₹20000×100/2

x=₹1000000

so,the value of flat= ₹1000000