Question 303276: You own a piece of land on which you owe the bank $12,760 to the bank. You decide to sell the land and want enough money to pay off the mortgage of the land. The real estate agent gets 6% of the selling price, and your city has a $400 real estate transfer tax paid by the seller. What should the range of the selling price be for you to get at least enough money to pay off your mortgage? Set up the inequality for this situation and then solve it. Your answer must be in inequality form.
Answer by checkley77(12844)   (Show Source):
You can put this solution on YOUR website! 12,760>-400+.94x
12,760+400>.94x
13,160>.94x
13,160/.94>x
13,160/.94>x
14,000>x The selling price should be greater than $14,000 to net $12,760.
12,760>-400+.94*14,000
12,760>-400+.94*14,000
12,760>-400+13,160
12,760>12,760
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