Answer:
(c) $95,400
Step-by-step explanation:
You want the listing price of your house such that you can clear $92,500 after paying a 3% commission to the buyer's realtor.
<h3>Setup</h3>
The buyer's agent will receive 3% of the sale price (P), so you receive that amount less. You want your share to be $92,500.
(1 -3%)P = 92,500
<h3>Solution</h3>
Dividing by the coefficient of P, we get ...
P = 92,500/0.97 ≈ 95,361
We are asked to round this value to the nearest $100. That makes the listing price ...
$95,400 . . . . listing price
__
<em>Additional comment</em>
You can estimate the listing price by adding 3% of 92500 to that value, and you can estimate the added amount as 3%×90,000 = 2700. That is, you know the listing price needs to be slightly higher than ...
92500 +2700 = 95,200
Only one of the answer choices is above that value and <em>rounded to the nearest $100</em>. (You can eliminate the first two choices, because they are not properly rounded.)
Answer:
The intersection is
.
The Problem:
What is the intersection point of
and
?
Step-by-step explanation:
To find the intersection of
and
, we will need to find when they have a common point; when their
and
are the same.
Let's start with setting the
's equal to find those
's for which the
's are the same.

By power rule:

Since
implies
:

Squaring both sides to get rid of the fraction exponent:

This is a quadratic equation.
Subtract
on both sides:


Comparing this to
we see the following:



Let's plug them into the quadratic formula:




So we have the solutions to the quadratic equation are:
or
.
The second solution definitely gives at least one of the logarithm equation problems.
Example:
has problems when
and so the second solution is a problem.
So the
where the equations intersect is at
.
Let's find the
-coordinate.
You may use either equation.
I choose
.

The intersection is
.

Regardless of the sign of

, we have

(never negative). But multiplying by -1 makes it negative.
On the other hand,

which can never be negative for real

.