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?
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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