SOLUTION: Car Selling. Ronald wants to sell his car through a broker who charges a commission of 10% of the selling price. Ronald still owes $11,025 on the car. Ronald must get enough to
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Question 111558: Car Selling. Ronald wants to sell his car through a broker who charges a commission of 10% of the selling price. Ronald still owes $11,025 on the car. Ronald must get enough 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 a broker who charges a commission of 10% of the selling price. Ronald still owes $11,025 on the car. Ronald must get enough to at least pay off the loan. What is the range of the selling price?
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Let "x" be the selling price.
INEQUALITY
x >= 11,025 + 0.10(11,025)
x>= (1+0.10)(11,025)
x >= 1.1(11025)
x >= $12,127.25
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Cheers,
Stan H.
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