Question

The commission for selling a house is$11825, which is 5.5% of the selling price. What is the selling price of the house?

Answer 1

In this case, the best method starts with finding one percent of the selling price.  To do this, divide the commission ($11825) by 5.5.  This gets you 1%, which is $2150.  Next, multiply this number by 100, turning 1% into 100%.  Your final answer is $215,000.