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 VCR and TV were bought for Rs 8,000 each. The shopkeeper made a loss of 4% on the VCR and a profit of 8% on the TV. Find the gain or loss percent on the whole transaction.
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.
A cycle merchant allows 20% discount on the marked price of the cycles and still makes a profit of 20%. If he gains Rs 360 over the sale of one cycle, find the marked price of the cycle.
The cost price and selling price are given in the following table. Find out whether there was a profit or a loss and how much it was.
| Cost Price (in Rs.) |
Selling Price (in Rs) |
Profit or Loss | How much? |
| 1000 | 920 |
By selling a flower pot for ₹ 528, a woman gains 20%. At what price should she sell it to gain 25%?
Discount is subtracted from ________ to get S.P.
Selling price of 9 articles is equal to the cost price of 15 articles. In this transaction there is profit of `66 2/3%`.
In an entertainment programme, 250 tickets of ₹ 400 and 500 tickets of ₹ 100 were sold. If the entertainment tax is 40% on ticket of ₹ 400 and 20% on ticket of ₹ 100, find how much entertainment tax was collected from the programme.
The marked price of an article is ₹ 2,000. The GST on the article is 12% and discount is ₹ 500, the total amount to be paid is ______.
