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?
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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