commission agent charges commission at the rate of 3% on first rupees 10000 and 1% on the remaining value a property was sold through him and he charge rupees 900 as commision. for how much money property was sold?

Answer:

Let us assume that the total cost of the property be Rs. X, then the reamaining value of the property will be rs. (X - 10000).

Rate of commission on first Rs. 10000 is 3%,

Then the amount of commission = 3% of 10000 = 3/100 of 10000 = Rs. 300.

Rate of commission on remaining value of property is 1%

So the amaount of commission on the remaining value = Rs 900 - Rs. 300 = Rs. 600.

And the equation we get is

1% of (X - 10000) = 600

1/100 of(X - 10000) = 600

(X - 10000)/100 = 600

X - 10000 = 60000

X = 60000 + 10000 = 70000.

Ans: Rs. 70000.

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