SOLUTION: A cattle rancher is going 2 sell one of his prize bills at an auction and would like 2 make 47,000 After Paying a 6% commission 2 the auctioneer. For what selling price will the ra

Algebra ->  Equations -> SOLUTION: A cattle rancher is going 2 sell one of his prize bills at an auction and would like 2 make 47,000 After Paying a 6% commission 2 the auctioneer. For what selling price will the ra      Log On


   

Question 1146933: A cattle rancher is going 2 sell one of his prize bills at an auction and would like 2 make 47,000 After Paying a 6% commission 2 the auctioneer. For what selling price will the rancher make this amoUnt of money
Answer by greenestamps(13200) About Me  (Show Source):
You can put this solution on YOUR website!


If he pays the auctioneer a 6% commission, then he gets 94% of the sale price.

You want that amount to be $47,000:

0.94x+=+47000
x+=+47000%2F0.94

Use a calculator if necessary.