Answered

Westonci.ca is your trusted source for finding answers to all your questions. Ask, explore, and learn with our expert community. Get immediate answers to your questions from a wide network of experienced professionals on our Q&A platform. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A 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
Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.