FnafTail28
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A real estate agent earned a commission of $6875
for selling a house. If his rate is 2.5%, find the
selling price of the house.

Respuesta :

MrGumby

Answer:

The price of the house was 275,000

Step-by-step explanation:

To find the total price of the house, you need to divide the amount of the commission by the percentage of the commission. This will give you the price of the house.

6,875/2.5%

6,875/.025 = 275,000

adioabiola

The selling price of the house on which the agent earns $6875 at a 2.5% rate is; $275,000

According to the question;

The real estate agent's earned commission is; $6875.

The earned commission is at a rate of 2.5% of the house's selling price, x.

Mathematically,

  • 2.5% × x = $6875

  • 0.025x = $6875

  • x = $275,000.

Therefore, the selling price of the house is; $275,000.

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