Question

A real estate agent receives Rs. 50,000 as commission, which is 4% of the selling price. At what price does the agent sell the property??

A) Rs. 1250000
B) Rs. 1025000
C) Rs. 1125000
D) Rs. 1450000​

Answer 1

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,

$\sf{x\times 4\% = 50000}$

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

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

=> $\sf{x = 1250000}$

Therefore the selling price of the property is Rs. 1250000 $\sf{\boxed{Answer}}$