document.write( "Question 148025: 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? \n" ); document.write( "
Algebra.Com's Answer #108414 by nerdybill(7384)![]() ![]() 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? \n" ); document.write( ". \n" ); document.write( "From the problem, for Ronald to \"break even\" he must get enough to \n" ); document.write( "1. pay off the load of $11,025 \n" ); document.write( "2. pay off the broker .10($11,025)= $1,102.50 \n" ); document.write( ". \n" ); document.write( "Therefore he has to get at least: \n" ); document.write( "$11,025 + $1,102.50 = $12,127.50 \n" ); document.write( ". \n" ); document.write( "That is: \n" ); document.write( "\"selling price\" >= $12,127.50 \n" ); document.write( " \n" ); document.write( " |