Answered

Discover the answers you need at Westonci.ca, a dynamic Q&A platform where knowledge is shared freely by a community of experts. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

at a certain real estate firm, realtor selling house recieve a comission:6% for the first 160,000 of the selling price, and 4% for any amount exceeding 160,000. a realtor for the firm recieved 10,560 for selling a house, what was its selling price?

Sagot :

olemakpadu
Let the amount be x.

6% for the first 160000

= 6/100 * 160000 = 9600

4% for any amount exceeding 160000.

= 4/100 * (x -160000) = 0.04(x-160000)

The sum of both commission should be equal to 10560.

9600  +    0.04(x -160000)  = 10560

0.04(x -160000)  = 10560 - 9600

0.04(x -160000)  = 960  Divide by 0.04.

(x -160000)  = 960/0.04

(x -160000)  = 24000

x = 24000 + 160000 = 184000.

Selling price  = 184000
Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.