A realtor makes 5% commission on each sale. Define the variables and write an equation to represent the relationship between the

Question

3 years ago

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A realtor makes 5% commission on each sale. Define the variables and write an equation to represent the relationship between the

price of a home and the commission received. How much commission will the realtor earn for selling a $150,000 home? $ If the realtor earned an $8750 commission, what was the price of the home? $

Mathematics

1 answer:

Vladimir [108] · Answer 1 · 2022-06-24T18:35:55+03:00

Answer:

A. Define the variables and write an equation to represent the relationship between the price of a home and the commission received.

Commission are a form of variable-pay remuneration for services rendered or products sold.

Equation would be like this (with s for sale of a house and c for commission),

5% of s = C

B. How much commission will the realtor earn for selling a $150,000 home?

Use equation.

5% of 150,000 = C

5% of 150,000 = $7,500

C. If the realtor earned an $8750 commission, what was the price of the home? $175,000