SOLUTION: Ronald wants to sell his car through s broker who charges a commission of 10% of the selling price. Ronald still owes $11,025 on the car. Ronald must get enough money to at least p

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Question 90366: Ronald wants to sell his car through s broker who charges a commission of 10% of the selling price. Ronald still owes $11,025 on the car. Ronald must get enough money to at least pay off the loan. What is the range of the selling price?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Ronald wants to sell his car through s broker who charges a commission of 10% of the selling price. Ronald still owes $11,025 on the car. Ronald must get enough money to at least pay off the loan. What is the range of the selling price?
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Let the selling price be "x".
EQUATION:
x >= 11,025 + 0.10x
0.90x >= 11,025
x >= $12,250
Cheers,
Stan H.