Westonci.ca makes finding answers easy, with a community of experts ready to provide you with the information you seek. Our platform connects you with professionals ready to provide precise answers to all your questions in various areas of expertise. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.
Sagot :
Answer:
$116,000
Explanations:
Given the following
Commission earned by the real estate agent is $8120
Rate is 7%
Required
The selling price of the house
In order to get the estimated selling price of the house, we will use the formula as shown;
[tex]S\times\frac{r}{100}=C[/tex]S is the selling price
r is the rate = 7%
C is the Commission = $8120
Substituting the given values into the formula;
[tex]\begin{gathered} S\times\frac{7}{100}=8120 \\ \frac{7S}{100}=8,120 \\ 7S=100\times8,120 \\ 7S=812,000 \\ S=\frac{812,000}{7} \\ S=\$116,000 \end{gathered}[/tex]This shows that the selling price of the house is $116,000
Thank you for trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.
