Question

A property dealer charges 2℅ of the commission from a buyer or a seller of property . If the seller paid 20000 ruppes as commission for purchasing the flat . What was the value of the flat?

Answer 1

20000*2%=400
20000+400=20400

20400 Rupees

Answer 2

Rs 1000000

Answer 3

1000000

Answer 4

Let the value of the flat = x
% charged by the property dealer as commision = 2%
Amount paid as a commission = 20,000

=> 2% of rs.X = rs 20,000
= 2/100*x = 20,000
= rs.x = 20,000*100/2
= rs.x = rs 10,00,000
=> value of the flat = rs.10,00,000

Answer 5

Very nice and thank you