The commission for selling a house is $11,825, which is 5.5% of the selling price. What is the selling price of the house?

Question

KDR · Answer

In this case, the best method starts with finding one percent of the selling price. To do this, divide the commission ($11825) by 5.5. This gets you 1%, which is $2150. Next, multiply this number by 100, turning 1% into 100%. Your final answer is $215,000.

Answered by KDR | 2024-06-10

Qwshop · Answer

The selling price of the house is** $214,818.18.** 
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Qwshop · Answer

The selling price of the house is $214,818.18. This was calculated by dividing the commission of $11,825 by the commission rate of 5.5% expressed as a decimal. By applying the formula for commission, we find the required selling price. 
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The commission for selling a house is $11,825, which is 5.5% of the selling price. What is the selling price of the house?

Answer (3)

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