Question

a property dealer charges 2% commission from a buyer or seller of property if Mr Ramlal paid 20000 as a Commission for purchasing a flat what was the value of the flat... complete it with process

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

Given

a property dealer charges 2% commission from a buyer or seller of property

Mr Ramlal paid Rs20000 as a Commission for purchasing a flat.

What was  the value of the flat.

To proof

Let us assume that the value of the flat be x .

2 % written in the dcimal form

$= \frac{2}{100}$

= 0.02

than the equation becomes

x × 0.02 = 20000

$x = \frac{20000}{0.02}$

x = Rs 1000000

 therefore the value of the flat is  Rs 1000000 .

Hence proved