SOLUTION: the morgans negotiated the following real estate commission on the selling price of their house: 8% for the first $100,000 and 3% for the amount that exceeds $100,000 The r

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: the morgans negotiated the following real estate commission on the selling price of their house: 8% for the first $100,000 and 3% for the amount that exceeds $100,000 The r      Log On


   



Question 346963: the morgans negotiated the following real estate commission on the selling price of their house:
8% for the first $100,000 and
3% for the amount that exceeds $100,000
The realtor recieved a commission of $9,200 for selling the house. What was the selling price?

Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
9200-8000=1200
1200/0.03=40000
$140,000