Question

Three percent commission on the sale of a property amounts to $Rs4740.$ What is the total value of the property?

Answer 1

3% commission amounts to Rs. 4740.

Thus 3% of the total value of the property is Rs. 4740. And we have to find out the total value of the property.

Let the total value of he property is x
then 3% of x = 4740

$\left(\frac{3}{100}\right)\ast x=4740$

$\left(\frac{3x}{100}\right)=4740$

$3x=474000$

$x=\frac{474000}{3}=Rs.158000$