A real estate agent sold a piece of property for ₹50,000. His commission is 7.5%. How much amount did he receive ?
Selling price of property =₹50,000
Commission of agent = 7.5%
Amount received by the agent
=₹50,000 × 7.5%
=₹50,000 ×7.5100
=₹50,000 ×0.075
=₹3750