Sharadadevi sold a buffalo through an agent. Its price was 63,500. She had to pay a commission of 3%. How much money did sharadadevi get for a buffalo?

Hint: To solve this problem we need to first know that how to find the X% of a quantity Y. X% of the Y would be given as $X\%\,of\,Y\,=\dfrac{X}{100}\times Y$. In the given question we will find the 3% of the total selling cost of the buffalo and then subtract that amount from the selling price as sharadadevi paid that amount to the agent, the total amount left after subtraction will be our required answer.

Complete step-by-step answer:
To solve this problem, we should know that what is the meaning of percentage,
X% Percentage is defined as the X parts per hundred parts of the given quantity.
And X% of the Y amount is given by = $\dfrac{X}{100}\times Y$
Now in the given question the total amount for which buffalo was sold is 63,500 but out of that amount 3% was given to the agent. Now the amount left with sharadadevi will be the total selling price minus the price she paid to agent, so we get
Amount sharadadevi paid to the agent is 3% of 63,500 which is equal to
 = $\dfrac{3}{100}\times 63,500=1,905$
And the total amount was 63,500 so the amount that sharadadevi got for buffalo we get as,
=$63,500-1,905=61,595$
Hence we got our answer as 61,595.

Note:
You may confuse the amount paid to the agent with the amount that the sharadadevi gets for buffalo but that will be the wrong answer so be careful for that and do not forget to subtract the amount paid to the agent from the total amount to get the correct answer.