Question

A real estate received a commission of rs 12000 at the rate of 2.5% by selling a piece of land. At what price did hesell the land?

Answer 1

Answer:

Step-by-step explanation:

Let us solve the problem by using percentage.

Let his monthly income be Rs. 100. Then his expenditure is Rs. 78. Therefore, his savings is 100 – 78 = Rs. 22

If his savings is Rs. 22, then the income is Rs. 100. If the savings is Rs. 1,100 then the income is 100/22 x 1000 = 5000 rupees.

His monthly income is Rs. 5000

Verification: 785 of Rs. 5000 = 78/100 x 5000 = Rs. 3900. Hence his savings is 5000 – 3900 = Rs. 1100.