SOLUTION: Michelle is selling her condo. She needs to make at least $42,000 from the sale so she can make a down payment on a new house. If a 5.5% real estate commission is deducted, what is

SOLUTION: Michelle is selling her condo. She needs to make at least $42,000 from the sale so she can make a down payment on a new house. If a 5.5% real estate commission is deducted, what is

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Question 95881: Michelle is selling her condo. She needs to make at least $42,000 from the sale so she can make a down payment on a new house. If a 5.5% real estate commission is deducted, what is the lowest offer Michelle should accept to get her down payment?
Answer by checkley71(8403) (Show Source): You can put this solution on YOUR website!
X-.055X=42,000
.945X=42,000
X=42,000/.945
X=44,444.44 IS THE REQUIRED SELLING PRICE.
PROOF
44,444.44*.945=42,000
42,000=42,000
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