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Q.

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


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a

₹ 150000

b

₹ 1250000

c

₹ 120000

d

₹ 12500 

answer is B.

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Detailed Solution

Given, a real estate agent receives ₹ 50, 000 as commission, which is 4% of the selling price.
We know that x% of a = x100(a).
According to the given condition, 4% of the selling price = 50000.
Let the selling price be x.
4% of x = 50000
4100(x) = 50000
x = 50000(25)
x = 1250000
Hence, the selling price is ₹ 1250000.
So, the correct option is 2.
 
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A real estate agent receives ₹ 50, 000 as commission, which is 4% of the selling price. At what price does the agent sell the property?