Question

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

• A. Rs.$14,00,100$
• B. Rs.$14,00,000$
• C. Rs.$10,22,000$
• D. Rs.$14,22,000$

Answer 1

The correct option is D Rs.$14,22,000$

$3\%$ commission$=Rs42,660$

$\Rightarrow 3\%$ of total value of property$=Rs42,660$

Let total value of property be ${}^{\prime }{x}^{\prime }$

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

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

$\Rightarrow$ Total cost $=x=Rs14,22,000$.