Question

A real-estate agent receives a 3.5% commission for each house she sells. Last month she received a commission of $4,725 for selling one house. What was the price of the house?

Answer 1

$135000

Explanation:

Lets assume the price of the house = x

So, (3.5% of x) = $4725

=> 3.5x/100 = $4725

=> 3.5x = $472500

=> x = $472500/3.5 = $135000

Therefore the price of the house = $135000