Question

A realtor earns a 3.25% commission

on the sale of each house. How much
did a house sell for if the realtor earned
$10,566.40?

Answer 1

Since the commission is 3.25%, we simply multiply this fraction in decimal form by x, since it will equal 10566.40:

0.0325*x=10566.40

Divide both sides by 0.0325:

x = 10566.40/0.0325

x = 325120

The house sold for $325,120