Problema Solution
Jamie sold her house for x dollars. The real estate agent received a 5% commission and Jamie received $197,125. Write and solve an equation to determine the selling price of the house.
Answer provided by our tutors
let x = the selling price of the house
if the real estate agent received 5% then what is left 100 - 5 = 95% of the selling price went for Jane, thus
0.95x = 197,125
x = 197,125/0.95
x = $207,500
the selling price of the house was $207,500.