Question

A real estate agent receives Rs. 50,000 as commission.
The agent sells the property for Rs. 12,50,000.
What is the agent’s rate of commission?

Answer 1

Step-by-step explanation:

Given:-

Commission a real estate agent receives = Rs. 50000 which is 5 % of the selling price.

To find:-

Selling prince of the property

Assumption:-

Let the selling price of property be x

Solution:-

ATQ,

\sf{x\times 4\% = 50000}x×4%=50000

= \sf{x \times \dfrac{4}{100} = 50000}x×

100

4

=50000

=> \sf{x = \dfrac{50000\times100}{4}}x=

4

50000×100

=> \sf{x = 1250000}x=1250000

Therefore the selling price of the property is Rs. 1250000