SOLUTION: Can someone please help me with this problem:
Real Estate commission:
The following is a typical real estate commission on the selling price of a house:
7% for the first $1
Algebra.Com
Question 442428: Can someone please help me with this problem:
Real Estate commission:
The following is a typical real estate commission on the selling price of a house:
7% for the first $100,000 and 4% for the amount that exceeds $100,000.
A realtor receives a commission of $13,400 for selling a house. What was the selling price.
Thanks in advance
Answer by jorel1380(3719) (Show Source): You can put this solution on YOUR website!
.07(100000)+.04(100000x)=13400
7000+4000x=13400
4000x=6400
x=1.6
So the selling price was 100,000+1.6(100,000), or $260,000..
RELATED QUESTIONS
Please I need help solving this problem
A real estate agent received a 5.5% commission (answered by checkley75)
I can not figure out the method to solve this problem. Please help
a real estate agent (answered by TimothyLamb,ewatrrr)
A real estate agent received a 3% commission on the sale of a home. If the home sold for (answered by Earlsdon)
A real estate agent works on 11% commission. What is her commission on a house that she... (answered by rfer)
A real estate commission is 7% a seller pays a commission of $6016.50 on the sale of a... (answered by rfadrogane)
A real estate agent's commission rate is 6%. What will the amount of the commission be on (answered by checkley77)
a real estate agent's commission rate is 6%. What will the amount of the commission be on (answered by checkley77)
A real estate agent works on a 5% commission. What is her commission on a house that she... (answered by Theo)
A real estate agent received a 3% commission on the sale of a home. If the home sold... (answered by checkley75)