Question

Jane earns a 5.5% commission on the selling price of each home she sells. She earned $9,020 in commission on the sale of a home. What was the selling price of the home?

Answer 1

Answer:

"$164000" is the appropriate answer.

Step-by-step explanation:

Let the selling price be "s".

As per the question,

If Jane take 5.5% of selling price i.e.,

= $0.055\times s$

Given commission,

= $9,020

then,

The selling price will be:

⇒ $0.055\times s=9020$

                $s=\frac{9020}{0.055}$

                   $=164000$ ($)