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Listing Price. At what price should a home be listed if the owner wants to make $$ 567,000$ on its sale after paying a $5.5 \%$ real estate commission?
$\$ 600,000$
Precalculus
Algebra
Chapter 2
Equations, Inequalities, and Problem Solving
Section 5
Problem Solving
Algebra Topics That are Reviewed at the Start of the Semester
Equations and Inequalities
Missouri State University
Harvey Mudd College
Idaho State University
Lectures
01:32
In mathematics, the absolu…
01:11
00:58
A commission is a fee paid…
02:34
Real Estate A real estate …
02:40
Home sales Emma is a realt…
01:10
A realtor sold a townhouse…
01:26
After selling a house for …
01:25
Solve each application.
02:10
The $3 \frac{1}{2} \%$ com…
The Wilsons got 180,780 do…
01:15
Commissions The amount of …
00:28
A realtor is paid a $3 \%$…
in this problem. We know they're earning 3% commission to determine how much 3% commission is. I know the commission is equal to the percent as a decimal, so I'm going to change 3% to a decimal by dividing by 100 which is 1000.3 times the cost of the house, which is 230,000 since they're earning a 3% commission of the amount of money that the house is sold for. That is why we multiply the 3% times the cost of the house now doing that 0.3 times $230,000 I get ah commission of 6000 and $900.
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