Question

At a certain real estate​ firm, realtors selling homes receive a commission​ of: 7​% for the first ​$100,000 of the selling​ price, and 6​% for any amount exceeding ​$100,000. A realtor for the firm received ​$11,980 for selling a house. What was its selling​ price?

Answer 1

(7% * 100,000) + (4,980 * 100/6)

=183,000