Question

Jim works in real estate sales. His annual salary is

$20,000 plus 2.5% of his home sales. What was the total
value of all homes he sold if his annual pay for the year
was $120,000?


Helppppp

Answer 1

4,000,000

Explanation:

We start by subtracting his salary (20k) from his annual income. That means he got 100,000 from selling homes.

So, what is 100,000 2.5% of?

I used the equation:

100,000 = .025x

with x being the value of all the homes.

Just divide and conquer, and you end up with a final answer of 4 Million