Question

At a certain real estate firm, realtors selling homes receive a commission of 5% for the first \$150,000 of the selling price, and 3% for any amount exceeding \$150,000. A realtor for the firm received \$9,900 for selling a house. What was its selling price?

          At a certain real estate firm, realtors selling homes receive a commission of 5% for the first \$150,000 of the selling price, and 3% for any amount exceeding \$150,000. A realtor for the firm received \$9,900 for selling a house. What was its selling price?

$At a certain real estate firm, realtors selling homes receive a commission of 5% for the first \$150,000 of the selling price, and 3% for any amount exceeding \$150,000. A realtor for the firm received \$9,900 for selling a house. What was its selling price?$

Added by Eddie M.

Elementary and Intermediate Algebra

Alan S. Tussy, R. David Gustafson 5th Edition

Instant Answer

Solved by Expert Anand Jangid

04/13/2024

Step 1

The commission rate for the first $150,000 is 5%. So, we calculate 5% of $150,000: 0.05 * $150,000 = $7,500 Show more…

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Exam Question 7 of 50 This test: 50 points possible This question: 1 point possible Submit te: At a certain real estate firm, realtors selling homes receive a commission of 5% for the first $150,000 of the selling price, and 3% for any amount exceeding $150,000. A realtor for the firm received $9,900 for selling a house. What was its selling price? The house sold for $ ial Exam Question 7 of 50 This test: 50 points possible This question: 1 point possible Submit te At a certain real estate firm, realtors selling homes receive a commission of 5% for the first $150,000 of the selling price, and 3% for any amount exceeding $150,000. A realtor for the firm received $9,900 for selling a house. What was its selling price? The house sold for $