Question

$3\%$ Commission on the sale of a property amounts to $Rs.42,660$. What is the total value of the property?

Answer 1

Since, $3\%$ commission amounts to $Rs.42,660$.

Thus, $3\%$ of the total value of the property is $Rs.42,660$. And we have to find out the total value of the property.

Let the total value of he property be $x$

Therefore, $3\%$ of $x=42660$

$\Rightarrow \left(\frac{3}{100}\right)\times x=42660$

$\Rightarrow \frac{3x}{100}=42660$

$\Rightarrow 3x=42660\times 100$

$\Rightarrow x=\frac{42660\times 100}{3}$

$\Rightarrow x=Rs.1420000$

So the total value of the property is $Rs.14,20,000$.