A property dealer charges 2% commission from a buyer or a seller of property. If Mr. Ramlal paid rs.20,000 as commission for purchasing a flat, what was the value of the flat?
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Answer:
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
2/100
= 0.02
than the equation becomes
x × 0.02 = 20000
x = Rs 1000000
therefore the value of the flat is Rs 1000000 .
Hence proved
Step-by-step explanation:
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