Final answer:
To find the selling price of Jacko's house, set up an equation where x represents the selling price and factor in the 7% commission for the real estate agent. Jacko received the remaining 93% of the selling price, which amounts to PhP 1,381,000. By solving the equation 0.93x = PhP 1,381,000, you can find x, the original selling price.
Step-by-step explanation:
To determine the selling price of Jacko's house, we need to set up an equation taking into account the real estate agent's commission and the amount Jacko received. Since the real estate agent received 7% of the selling price, we know that Jacko received the remaining 93% (100% - 7%). If we let x represent the selling price, the equation would be:
0.93x = PhP 1,381,000
To solve for x, you would divide both sides of the equation by 0.93, which would give us the selling price of the house.
Now let's apply this to a similar scenario for practice:
Emily bought a jacket for $85, and the sales tax is 7.5%. To find the total cost of the jacket, we first calculate the amount of sales tax by multiplying the cost of the jacket by the sales tax rate:
Tax = $85 × 7.5% = $85 × 0.075 = $6.375
The total cost of the jacket would then be the sum of the original price and the sales tax:
Total Cost = Original Price + Tax = $85 + $6.375 = $91.375