SOLUTION: Mr. Salinas, a real estate agent, received a 5% commission on the selling price of a house. If his commission was $6975, what was the selling price of the house? please help me

Algebra ->  Probability-and-statistics -> SOLUTION: Mr. Salinas, a real estate agent, received a 5% commission on the selling price of a house. If his commission was $6975, what was the selling price of the house? please help me       Log On


   



Question 836606: Mr. Salinas, a real estate agent, received a 5% commission on the selling price of a house. If his commission was $6975, what was the selling price of the house?
please help me form the equation to solve it please!!! Thank you

Answer by doodles(24) About Me  (Show Source):
You can put this solution on YOUR website!
Well first of all we need to look at the general equation. So we know that the selling price of the house * 5% = commission earned.
Ultimately, if we to write as a math equation it would be:
x+%2A+.05+=+6975 then we solve for x... so: x+=+6975%2F.05
Thus giving us our answer: 139500