Question

A real estate agent recieved a $17,500 commision on the sale of a $350,000 house on Walnut Street. The same agent recieved a $20,000 commission on the sale of a house on Center Ave. What was the sale price of the house on Center Ave? A: $100,000 B:$370,000 C: $400,000 D: $450,000

Answer 1

(C) 400,000. You multiply 20,000 with 350,000 and divide by 17,500 it gives you 400,000 the answer

Answer 2

Opton C: $400,000

Explanation:

A real estate agent received a $17,500 commission on the sale of a $350,000 house.

We will calculate the percentage of the commission.

`(17,500)/(350,000)* 100`

= 0.05 × 100

= 5%

Let the value of the house on Center Ave be x

Therefore, 5% of x = $20,000

= 0.05x = 20,000

x =
`(20,000)/(0.05)`

x = $400,000

The sale price of the house on Center Ave is $400,000