Question

Hey, had another question that I have also been attempting to figure out for the last few hours and I hope that someone could help!

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A realtor makes 5% commission on each sale.

Define the variables and write an equation to represent the relationship between the price of a home and the commission received.

If the realtor earned an $8750 commission, what was the price of the home?

Answer 1

A. Define the variables and write an equation to represent the relationship between the price of a home and the commission received.

Commission are a form of variable-pay remuneration for services rendered or products sold.

Equation would be like this (with s for sale of a house and c for commission),

5% of s = C

B. How much commission will the realtor earn for selling a $150,000 home?

Use equation.

5% of 150,000 = C

5% of 150,000 = $7,500

C. If the realtor earned an $8750 commission, what was the price of the home? $175,000

Explanation:

Credit to this answer goes to @gcantiga44

Hope this helps :))

Answer 2

A. Define the variables and write an equation to represent the relationship between the price of a home and the commission received.

Commission are a form of variable-pay remuneration for services rendered or products sold.

Equation would be like this (with s for sale of a house and c for commission),

5% of s = C

B. How much commission will the realtor earn for selling a $150,000 home?

Use equation.

5% of 150,000 = C

5% of 150,000 = $7,500

C. If the realtor earned an $8750 commission, what was the price of the home? $175,000