Question

A property dealer charges 2% commission from a buyer or a seller of property.
If Mr Ram Lal paid 20,000 as a commission for purchasing a flat, what was the value
of the flat?

Answer 1

Answer:

₹20,400.

Step-by-step explanation:

20% of ₹20,000 is:

$20,000*\frac{2}{100}$ = ₹$400$

So total property is equal to:

100%+2% = ₹20,000 + ₹400

₹20,400.