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Algebra
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he Woods negotiated the following real estate commission on the selling price of their house:

8% for the first $100,000 and
3% for the amount that exceeds $100,000.
The realtor received a commission of $9200 for the selling of the house
Oct 6th, 2014

8% is for the first $100000

here, he wood will gain:

8/100*100000=8000

amount sold past quota is 

$9200-8000=1200

for any amount past the quota, he receives 3% commission. the excess amount here is 1200 so

1200 divided by 3/100=1200/0.03=40000

hence the selling price of the house will be

$100000+40000=$140000

Oct 7th, 2014

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