SOLUTION: Ronald wants to sell his car through s broker who charges a commission of 10% of the selling price. Ronald still owes $11,025 on the car. Ronald must get enough money to at least p
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Question 90366: Ronald wants to sell his car through s broker who charges a commission of 10% of the selling price. Ronald still owes $11,025 on the car. Ronald must get enough money to at least pay off the loan. What is the range of the selling price?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Ronald wants to sell his car through s broker who charges a commission of 10% of the selling price. Ronald still owes $11,025 on the car. Ronald must get enough money to at least pay off the loan. What is the range of the selling price?
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Let the selling price be "x".
EQUATION:
x >= 11,025 + 0.10x
0.90x >= 11,025
x >= $12,250
Cheers,
Stan H.
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