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15 March, 20:38

At a certain real estate firm, realtor selling house recieve a comission:6% for the first 160,000 of the selling price, and 4% for any amount exceeding 160,000. a realtor for the firm recieved 10,560 for selling a house, what was its selling price?

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  1. 15 March, 21:58
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    Let the amount be x.

    6% for the first 160000

    = 6/100 * 160000 = 9600

    4% for any amount exceeding 160000.

    = 4/100 * (x - 160000) = 0.04 (x-160000)

    The sum of both commission should be equal to 10560.

    9600 + 0.04 (x - 160000) = 10560

    0.04 (x - 160000) = 10560 - 9600

    0.04 (x - 160000) = 960 Divide by 0.04.

    (x - 160000) = 960/0.04

    (x - 160000) = 24000

    x = 24000 + 160000 = 184000.

    Selling price = 184000
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