SOLUTION: Ronald wants to sell his car thru 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 t

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: Ronald wants to sell his car thru 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 t      Log On


   

Question 126551: Ronald wants to sell his car thru 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?
Answer by checkley71(8403) About Me  (Show Source):
You can put this solution on YOUR website!
X>=10,025/.9
X>=$11,138.89 IS THE MINIMUM SELLING PRICE FOR THE CAR IN ORDER TO PAY THE 10% COMMISSION & HAVE $10,025 LEFT.
PROOF:
11,138.89-(.10*11,138.89)=10,025
11,138.89-1,113.89=10,025
10,025=10,025