Advertisements
Advertisements
Question
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?
Advertisements
Solution
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. x
⇒ Now, x% of `n = x/100 xx n`
⇒ `4/100 xx x = 50000`
⇒ `x = (50000 xx 100)/4`
⇒ x = 50000 × 25 = Rs. 1250000
Hence, the selling price of the property is Rs. 1250000
APPEARS IN
RELATED QUESTIONS
A dealer buys a wristwatch for Rs 225 and spends Rs 15 on its repairs. If he sells the same for Rs 300, find his profit percent.
A dealer bought two tables for Rs 3120. He sold one of them at a loss of 15% and other at a gain of 36%. Then, he found that each table was sold for the same price. Find the cost price of each table.
Shabana bought 16 dozen ball bens and sold them at a loss equal to S.P. of 8 ball pens. Find S.P. of 1 dozen ball pens, if she purchased these 16 dozen ball pens for Rs 576.
A cycle dealer offers a discount of 10% and still makes a profit of 26%. What is the actual cost to him of a cycle whose marked price is Rs 840?
What is the marked price of a hat which is bought for ₹ 210 at 16% discount?
A bought a tape recorder for Rs 8,000 and sold it to B. B in turn sold it to C, each earning a profit of 20%. Which of the following is true?
Latika bought a teapot for Rs 120 and a set of cups for Rs 400. She sold teapot at a profit of 5% and cups at a loss of 5%. The amount received by her is ______.
40% of [100 – 20% of 300] is equal to ______.
The buying price of 5 kg of flour with the rate Rs 20 per kg, when 5% ST is added on the purchase is Rs 21.
If the price of sugar is decreased by 20%, then the new price of 3 kg sugar originally costing ₹ 120 will be ______.
