Question 114

A real estate agent receives Rs. 50000 as commission, which is 4 % of the selling price. At what price does the agent sell the property?

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Solution

Let price of the property =Rs. x
Commission received = Rs. 50000
Commission percentage = 4%
According to the question,
$x \times \frac{4}{100} = 50000 \Rightarrow x = \frac{50000 \times 100}{4} = 50000 \times 25 = R s . 1250000$

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Question 114 A real estate agent receives Rs. 50000 as commission, which is 4 % of the selling price. At what price does the agent sell the property?

Let price of the property =Rs. x Commission received = Rs. 50000 Commission percentage = 4% According to the question, x×4100=50000⇒x=50000×1004=50000×25=Rs.1250000

Question 114

A real estate agent receives Rs. 50000 as commission, which is 4 % of the selling price. At what price does the agent sell the property?

Let price of the property =Rs. x
Commission received = Rs. 50000
Commission percentage = 4%
According to the question,
$x \times \frac{4}{100} = 50000 \Rightarrow x = \frac{50000 \times 100}{4} = 50000 \times 25 = R s . 1250000$