Question

$3\%$ commission on the sale of a property amounts to $Rs.42660$. What is the total value of the property?

Answer 1

Let the total value of the property be $Rs.x$
Percentage of commission $=3$
Amount of commission $=Rs.42660$
Thus, $3\%$ of $Rs.x$ $=Rs.42660$
$\Rightarrow \frac{3}{100}\times x=42660$

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

$\Rightarrow x=14220\times 100$

$\Rightarrow x=1422000$
Hence, the total value of the property is $Rs.14,22,000$.