Question

A property agent charges a commission of 2.5% on the selling price of a house.On another occasion, he receives a commission of $12 000. Find the selling price of the house.

Answer 1

Answer:

so the commission is 2.5% of sp = $12,000.

sp = 2.5 × 40 = 100

so, 40 × 12,000 = $480,000

let's reverse check to confirm:

480,000 × 2.5% = $12,000.

hence answer is correct and Selling Price = $480,000.

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