document.write( "Question 1133775: Thomas is selling his toy collection at an auction. He wants to be left with ​$1190.40 after paying a​ seller's premium of 4​% on the final bid​ (hammer price) for the collection. What must the hammer price be in order for him to clear ​$1190.40​? \n" ); document.write( "
Algebra.Com's Answer #751065 by Theo(13342)\"\" \"About 
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the sale price is 4% of the hammer price.\r
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\n" ); document.write( "\n" ); document.write( "the equation for this is s = h - .04 * h\r
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\n" ); document.write( "\n" ); document.write( "simplify to get s = .96 * h\r
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\n" ); document.write( "\n" ); document.write( "since s needs to be 1190.4, the equation becomes 1190.4 = .96 * h\r
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\n" ); document.write( "\n" ); document.write( "solve for h to get h = 1190.4 / .96 = 1240.\r
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\n" ); document.write( "\n" ); document.write( "the hammer price needs to be at least 1240 in order for the toys to fetch at least 1190.4.\r
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