A) Rs. 1250000
B) Rs. 1025000
C) Rs. 1125000
D) Rs. 1450000
Correct Answer: A
Solution :
Let the selling price of the property \[\text{=Rs}\text{. }x\] Rate of commission = 4% on selling price \[\text{=Rs}\text{.}\left( \frac{4}{100}x \right)\] Since, a real estate agent receives Rs. 50000 \[\therefore \text{Rs}\text{.}\frac{4}{100}x=Rs.50000\] \[\Rightarrow x=50000\times \frac{100}{4}=1250000\] \[\therefore \] The selling price of the property is Rs. 1250000.You need to login to perform this action.
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