Question

On the sale of a property, a broker earned 1200, which is 2% commission. The cost of the property was

• A. 50,000
• B. 1,50,000
• C. 60,000
• D. 70,000

Answer 1

Answer: (C)

60,000

There is $2$% commission on the cost and the profit is $1200$. Therefore,
$Cost=\frac{100}{2}\times 1200=60000$