SOLUTION: Can someone please help me with this problem:
Real Estate commission:
The following is a typical real estate commission on the selling price of a house:
7% for the first $1
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Real Estate commission:
The following is a typical real estate commission on the selling price of a house:
7% for the first $1
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Question 442428: Can someone please help me with this problem:
Real Estate commission:
The following is a typical real estate commission on the selling price of a house:
7% for the first $100,000 and 4% for the amount that exceeds $100,000.
A realtor receives a commission of $13,400 for selling a house. What was the selling price.
Thanks in advance Answer by jorel1380(3719) (Show Source):
You can put this solution on YOUR website! .07(100000)+.04(100000x)=13400
7000+4000x=13400
4000x=6400
x=1.6
So the selling price was 100,000+1.6(100,000), or $260,000..
