Q. 1145.0( 4 Votes )

A real estate agent receives Rs 50,000 as commission, which is 4% of the selling price. At what price does the agent sell the property?

Answer :

Given, commission received = 50,000

Also, commission percentage = 4%

Need to find out the price of the property

Let the price of the property = Rs.y

Now, x% of n =

= 50000

y =

Y = 50000 × 25 = Rs.1250000

Hence, the selling price of the property is Rs.1250000

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