# Percents Word Problem6

In this page percents word problem6 you can find the question and the complete solution for this problem.We have given basic idea to every question. This will help you to understand the question and gives an idea to start the problem.

Definition :

When we express a quantity as a part of 100, we use the word per cent. "Cent" means hundred."Percent" means per hundred. To understand this topic clearly let us consider the following example.

Here you can find practical problem in this topic with detailed solution.Like this you can see 20 problems in this topic.

Question:

A person bought a property for \$120000.If he has to pay \$ 2400 to a broker for arranging the purchase,what percent is it of the total purchase value?

Basic idea:

In this problem a person is buying a property for \$120000.He has to pay \$ 2400 to a broker for arranging the purchase,now we need to find the percent of brokerage amount of the total purchase value.To solve this problem we have to divide 2400 by 120000. And we have to multiply this value with 100.

Total worth of property   =  \$120000

Amount given to broker  =  \$2400

percentage of brokerage of total purchase value =

(Brokerage amount/Total worth of the property) x 100

= (2400/120000) x 100

= (2400x100)/120000

=  24/12

=  2%