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
Some toffees are bought at the rate of 11 for Rs 10 and the same number at the rate of 9 for Rs 10. If the whole lot is sold at one rupee per toffee, find the gain or loss percent on the whole transaction.
A tricycle is sold at a gain of 16%. Had it been sold for Rs 100 more, the gain would have been 20%. Find the C.P. of the tricycle.
A shop selling sewing machines offers 3% discount on all cash purchases. What cash amount does a customer pay for a sewing machine the price of which is marked as Rs 650.
Harbhajan Singh bought 500 kg of rice for 22000 rupees and sold it all at the rate of Rs. 48 per kg. How much profit did he make?
Some articles are bought at 2 for ₹ 15 and sold at 3 for ₹ 25. Find the gain percentage
Rani bought a set of bangles for ₹ 310. Her neighbour liked it the most. So, Rani sold it to her for ₹ 325. Find the profit or loss to Rani.
Discount = M.P. − __________
C.P. = M.P. – Discount.
The marked price of an article is Rs 500. The shopkeeper gives a discount of 5% and still makes a profit of 25%. Find the cost price of the article.
A new computer costs Rs 1,00,000. The depreciation of computers is very high as new models with better technological advantages are coming into the market. The depreciation is as high as 50% every year. How much will the cost of computer be after two years?
