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A property dealer charges 2% commission from a buyer or a seller of property if mr ram lal paid ₹20000 as a commission for purchasing a flat what was the value of the flat?
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A property dealer charges 2% commission from a buyer or a seller of pr...
Problem:
A property dealer charges a 2% commission from a buyer or a seller of property. If Mr. Ram Lal paid ₹20,000 as a commission for purchasing a flat, what was the value of the flat?
Solution:
To find the value of the flat, we need to use the information provided in the problem and apply some mathematical calculations. Let's break down the problem into smaller steps to solve it.
Step 1: Understand the given information:
- The commission charged by the property dealer is 2%.
- Mr. Ram Lal paid ₹20,000 as a commission for purchasing the flat.
Step 2: Calculate the total commission charged:
We know that the commission charged is 2% of the value of the property. Let's assume the value of the flat is 'x'.
Commission charged = 2% of x = (2/100) * x = 0.02 * x
Step 3: Set up an equation:
We can set up an equation using the given information:
Commission charged = ₹20,000
0.02 * x = ₹20,000
Step 4: Solve the equation:
To find the value of the flat (x), we need to solve the equation:
0.02 * x = ₹20,000
Dividing both sides by 0.02:
x = ₹20,000 / 0.02
x = ₹1,000,000
Step 5: Interpret the result:
The value of the flat is ₹1,000,000.
Conclusion:
The value of the flat purchased by Mr. Ram Lal is ₹1,000,000.
A property dealer charges a 2% commission from a buyer or a seller of property. If Mr. Ram Lal paid ₹20,000 as a commission for purchasing a flat, what was the value of the flat?
Solution:
To find the value of the flat, we need to use the information provided in the problem and apply some mathematical calculations. Let's break down the problem into smaller steps to solve it.
Step 1: Understand the given information:
- The commission charged by the property dealer is 2%.
- Mr. Ram Lal paid ₹20,000 as a commission for purchasing the flat.
Step 2: Calculate the total commission charged:
We know that the commission charged is 2% of the value of the property. Let's assume the value of the flat is 'x'.
Commission charged = 2% of x = (2/100) * x = 0.02 * x
Step 3: Set up an equation:
We can set up an equation using the given information:
Commission charged = ₹20,000
0.02 * x = ₹20,000
Step 4: Solve the equation:
To find the value of the flat (x), we need to solve the equation:
0.02 * x = ₹20,000
Dividing both sides by 0.02:
x = ₹20,000 / 0.02
x = ₹1,000,000
Step 5: Interpret the result:
The value of the flat is ₹1,000,000.
Conclusion:
The value of the flat purchased by Mr. Ram Lal is ₹1,000,000.
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A property dealer charges 2% commission from a buyer or a seller of property if mr ram lal paid ₹20000 as a commission for purchasing a flat what was the value of the flat?
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A property dealer charges 2% commission from a buyer or a seller of property if mr ram lal paid ₹20000 as a commission for purchasing a flat what was the value of the flat? for Class 7 2024 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about A property dealer charges 2% commission from a buyer or a seller of property if mr ram lal paid ₹20000 as a commission for purchasing a flat what was the value of the flat? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A property dealer charges 2% commission from a buyer or a seller of property if mr ram lal paid ₹20000 as a commission for purchasing a flat what was the value of the flat?.
A property dealer charges 2% commission from a buyer or a seller of property if mr ram lal paid ₹20000 as a commission for purchasing a flat what was the value of the flat? for Class 7 2024 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about A property dealer charges 2% commission from a buyer or a seller of property if mr ram lal paid ₹20000 as a commission for purchasing a flat what was the value of the flat? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A property dealer charges 2% commission from a buyer or a seller of property if mr ram lal paid ₹20000 as a commission for purchasing a flat what was the value of the flat?.
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