Question

A land owner fixed the cost of his land as Rs 10,00,000 and the price above the fixed cost goes to an agent as his commission. If the agent sold it for 25% more than the fixed price, Find the selling price of the house.​

Answer 1

To find the selling price of the land, calculate 25% of the fixed cost (Rs 10,00,000), which is Rs 2,50,000, and then add this amount to the fixed cost to get the selling price of Rs 12,50,000.

Step-by-step explanation:

The question involves calculating the selling price of a land owned by a landowner who set the fixed cost of the land at Rs 10,00,000. The commission for the agent is the amount above this fixed cost. If the agent sold the land for 25% more than the fixed price, we calculate the selling price as follows:

Calculate the increase in price as a percentage of the fixed cost: 25% of Rs 10,00,000 = 0.25 x 10,00,000

= Rs 2,50,000.

Add the increase to the fixed cost to get the selling price: Rs 10,00,000 + Rs 2,50,000 = Rs 12,50,000.

Thus, the selling price of the land is Rs 12,50,000.