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

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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

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

selling price=\$110000

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

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Oct 1st, 2015
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Oct 1st, 2015
Dec 6th, 2016
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