Question

If real estate agent earns a 3% commission and earned \$4,350 on the closing of a home What was the price of the home?

Answer 1

Final price of house = $145,000 (Approx.)

Explanation:

Given:

Rate of commission = 3%

Amount of commission = $4,350

Find:

Final price of house

Computation:

Final price of house = Amount of commission / Rate of commission

Final price of house = 4,350 / 3%

Final price of house = 4,350 / 0.03

Final price of house = 145,000

Final price of house = $145,000 (Approx.)