A property dealer charges 2% commission from a buyer or a seller of property. If Mr Ram Lal paid of the flat ₹ 20,000 as a commission for purchasing a flat, what was the value Of the flate?(7th class math)

A property dealer charges 2% commission from a buyer or a seller of property. If Mr Ram Lal paid of the flat ₹ 20,000 as a commission for purchasing a flat, what was the value Of the flate?(7th class math).

Solution:Let the value of the flate = x

                             Ramlal paid = Rs.20000

                            Dealer charges = 2%

   According to question,

   Dealer charges x value of the flat = Ramlal paid

                           20%    x    X = 20000

                           20/100 x X = 20000

                                            X = _20000 x 100__

                                                               2

                                            X = 10,00000

Therefore, the value of the flat 10,00000