a real estate agent earned a commission of $3870 on the sale of an $86000 house.

Algebra
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a real estate agent earned a commission of $3870 on the sale of an $86000 house. what was the selling price of a different home, if the real estate agent was paid the same rate of commission and earned $4950

Oct 1st, 2015

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a real estate agent earned a commission of $3870 on the sale of an $86000 house

let his rate of commission be x,then

x% of $86000 = $3870

(x/100)* 86000  = 3870

x= 387000/86000

x = 4.5 %

so his commission is 4.5%


selling price of home for which  rate of commission is $4950

let the selling price be y

then, 4.5% of y = $4950

        (4.5/100)*y=$4950

                      y = 495000/4.5

                      y= 110000

so the selling price of home for which  rate of commission is $4950 =$ 110000



ANSWER is

selling price=$110000


hope you understood..please message if you have any doubts...thank you
Oct 1st, 2015

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