Tim receives a 8% commission on each house he sells. If he received a commission of $23,400 what was the value of the house he sold

Question

Tim receives a 8% commission on each house he sells. If he received a commission of $23,400 what was the value of the house he sold

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Caroline 2 weeks 2021-09-10T10:26:00+00:00 1 Answer 0

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    2021-09-10T10:27:19+00:00

    Answer:

    $292,500  

    Step-by-step explanation:

    Let H = house value and let C = commission  

    A 8% commission means that C = 8% of H so the equation is C = 0.08*H  

    If C = $23400 then  

    23400 = 0.08*H

    H = 23400/0.08 = 292500  

    So the value of the house is $292,500  

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