Question

8. Phil received a commission of 5% on

the sale of a house. If the amount of
his commission was $4780, what was
the selling price of the house?

What’s the answer

Answer 1

$95,600

Explanation:

the question can be rephrased as '4780 is five percent of what number'?

we can use the ratio of 'is/over' = %/100 to solve

'is' = 4780

'of' = selling price of house ('p')

4780/p = 5/100

now cross-multiply:

5p = 478000

p = 95600