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:

good question ummmm

% of commission = 2

Amount of commission = 20000

Value of flat = x

Value of flat => 2% of x = 20000

=> 2/100 × x = 20000

=> 2x = 20000×100

=> 2x = 2000000

=> x = 2000000/2

=> x = 1000000

therefore , the value of the flat is = Rs 1000000