Business Mathematics Questions relating to Business Arithmetic
An agent received Rs. 6,000/- as commission for selling a house @ 2%. What is the selling price of house?
An agent received Rs. 6,000/- as commission for selling a house. If rate of commission is 2%. What is the selling price of house?
Let
The Selling price of House = x
Amount of Commission = Total Selling Price x Rate
6,000 = X x 2%
6,000 = 0.02x
X = 6,000/0.02
X = 300,000
Selling Price of House is Rs. 300,o00