Question

A real estate rectived a 6% commission on the

Selling price of a house. If his commission
was $8,880 , What was the selling price
of the house"

Answer 1

$148,000

Explanation:

The commission of the real estate agent is 6% on the selling price of the house. The commission received is 8,880.

Let the selling price be S.

We have 6% of S equal to 8,880

=> .06* S = 8,880

=> S = 8,880/.06

=> S = 148,000

Therefore the selling price is $148,000