Question

a property dealer charges 2% commission from a buyer or seller of property if mr ram lal paid r.s 20,000 as commission for purchasing a flat what was the value of the flat

Answer 1

let the value of flat = X
commission = 2%
again commission = 20,000

: 2% of value of flat is equal to 20000
=> 2/100×x = 20000
=> X = 20000×100/2
=> X = 10000 ×100
=> X = 1000000

So, The value of the flat = Rs10,00,000

Answer 2

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