Question

A real estate firm charges 2% commission fee on sales. If Maha sold her house and was charged $13,400 for the commission, what was the sale price of her house?

Answer 1

$670,000

Explanation:

From the question, Maha sold her house and was charged $13,400 for the commission. We want to determine the sales price of the house.

Let the sale price of the house be $ x.

Then 2% of the sales price should give us 13,400

This implies that:

`0.02x = 13400`

Divide both sides by 0.02 to get:

`x = (13400)/(0.02)`

`x = 670000`

Therefore the sales price of the house is $670,000