2. Questions Bank
  3. 8th Class
  4. Mathematics
  5. Comparing Quantities

8th Class Mathematics Comparing Quantities Question Bank Comparing Quantities

  • question_answer
    A real estate agent receives Rs. 50,000 as commission, which is 4% of the selling price. At what price does the agent sell the property?

    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.
You will be redirected in 3 sec spinner