Question

A property dealer charges 2% Commission from a buyer or a seller of property.if Mr Ram Lal paid rupees 20000 as a Commission for the purchasing a flat. what was the value of flat.

Answer 1

$\mathbb{SOLUTION}$:

Let, the value of flat be ₹$\bf{ a}$ before the commission.

So,
According to the question,
Mr. Ram All paid ₹ 20000 as a commission for the purchasing of flat.

2% of ₹ $\bf{a}$ = ₹ 20000

=> $\frac{2}{100}$ × $\bf{a}$ = 20000

=>2$\bf{a}$ = 20000 × 100

=> 2$\bf{a}$ = 2000000

=> $\bf{a}$ = $\frac{2000000}{2}$

=> $\bf{a}$ = 1000000

Hence, the value of the flat before the commission was ₹ $\bf{10,00,000}$

Answer 2

let the value of flat be x
A/Q
2% OF X = 20000
2/100 *X = 20000
X = 20000*100 /2
1000000
HENCE THE VALUE OF FLAT WAS 1000000