Question

A Realtor earns a 3.25% commission on the sale of each house. How much did a house sell for if Realtor earned 10,566.40

Answer 1

The house, in total, cost $325,120.

Answer 2

He sold the house for $325,120.

Explanation:

A realtor earns a 3.25% commission on the sale of each house.

He earned his commission on a house sell = $10,566.40

Let the price on which he sold a house be 'p'

Therefore, 3.25% × p = $10,566.40

0.0325 × p = 10566.40

p =
`(10,566.40)/(0.0325)`

p = $325,120

He sold the house for $325,120.