Question

Morgan is a real estate agent and most recently made $12,500 on the sale of a home. Her commission she earns in selling homes is 12%. What was the sale price of the home that Morgan sold? Round to the nearest dollar amount

Answer 1

Answer:

$104,167 approx.

Step-by-step explanation:

Step one:

Given data

Morgan made $12,500 on the sale of a home.

Her commission she earns in selling homes is 12%

Step two:

let the cost of the home be x

So 12% of x= 12,500

12/100*x= 12,500

0.12*x=12,500

0.12x=12,500

divide both sides by 0.12

x= 12,500/0.12

x=$104,166.66

x=$104,167