Comments on: Samir and the Real Estate Agent

By: VIJIT

VIJIT — Fri, 26 Mar 2010 18:02:00 +0000

badluck, gaurav

chitan got it correct.
u have calculated 15% of 155965 wrong.

By: gaurav

gaurav — Tue, 29 Sep 2009 20:13:07 +0000

for 15% profit on 155965
S.P. = 155965 + 15% OF 155965 = 179374.75
let S.P.= x
Now after deducting 5.6% commision on x
94.4% of x=179374.75
On solving,
x=190015.625 Ans.

By: mak

mak — Tue, 29 Sep 2009 03:51:30 +0000

agent must sell the house at 186094

By: Chintan

Chintan — Wed, 23 Sep 2009 05:09:25 +0000

x = 155965 (purchase price)
x1 = 15% profit ( x + (x* 0.15)) = 179359.75
Agents commission 5.6% of sell price.
Therefore, Selling price y = (y *0.056) + x1
0.994 y = x1
y = 189999.7352

Selling value = 189999.7352
Agent’s comission (5.6%) from sell value = 10639.98517
Profit of 15% on purchase price (23394.75)

By: MAGHADEERA

MAGHADEERA — Tue, 22 Sep 2009 15:37:32 +0000

178093.79rs.. is the selling price of the building