SOLUTION: The Happy Home Realty Company sold the Parkers' home for $178,400. The commission rate was 6 3/4%. How much did the Parkers receive from the sale of their home?

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Question 388304: The Happy Home Realty Company sold the Parkers' home for $178,400. The commission rate was 6 3/4%. How much did the Parkers receive from the sale of their home?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
The Happy Home Realty Company sold the Parkers' home for $178,400. The commission rate was 6 3/4%. How much did the Parkers receive from the sale of their home?
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Let "x" be the payment to the Parkders.
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x + 0.0675x = 178,400
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1.0675x = 178,400
x = $167,119.44
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Cheers,
Stan H.