Question

Jane earns a 5.5% commission on the selling price of each home she sells. She earned $9,020 in commission on the sale of a home. What was the selling price of the home?

Answer 1

"$164000" is the appropriate answer.

Explanation:

Let the selling price be "s".

As per the question,

If Jane take 5.5% of selling price i.e.,

=
`0.055* s`

Given commission,

= $9,020

then,

The selling price will be:

⇒
`0.055* s=9020`

`s=(9020)/(0.055)`

`=164000` ($)