A property dealers charges 2% commission from a buyer or a seller of property if mr Ram Lal paid ₹20000 as a commission for purchasing a flat what was the value of flat ?
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It is 10 lakh
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% 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
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
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