Elena must get at least $120,000 for her house in order to break

even with the original mortgage. If the real estate agent gets 6% 

of the selling price, then what should the selling price be? I 

tried to use your example link for this question, but the link 

errors out. Need help in setting up the variables for the equation.

Thanks



Let $S = the selling price



>>...the real estate agent gets 6% of the selling price...<<



So the real estate agent gets $0.06S, meaning that Elena gets

$S - $0.06S.



>>...Elena must get at least $120,000...<<



So 



$S - $0.06S = $12000 (or more)



  1S - .06S = 12000  

1.00S - .06S = 12000

        .96S = 12000

           S = 12000/.96

           S = $12500



Edwin 





 

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