A real estate agent earned $1,625 for selling a property. If his commission rate is 5%, find the selling price of the property.

Question

asked Aug 27, 2023 81.4k views

1 Answer

Rumple Stiltskin · Answer 1 · 2023-09-02T17:27:50+0000

Let x be the selling price of the property, then we know that the 5% of x is $1,625.

Now, recall that the n% of an amount can be computed by multiplying the amount by

$(n)/(100)\text{.}$

Therefore:

Solving the above equation for x, we get:

$x=(1625*100)/(5)\text{.}$

Simplifying the above result, we get:

Answer:

dollars.