12. -/ 0.76 points 0/5 submissions used\na real estate broker receives a commission of 3% of the selling…

12. -/ 0.76 points 0/5 submissions used\na real estate broker receives a commission of 3% of the selling price of a house. if the broker receives a commission of $10,650 on the sale of a home, what was the selling price of the home? (see example 6 in this section.)\n$ \nshow my work (optional)\nsubmit answer\nview previous question question 12 of 13 view next question

12. -/ 0.76 points 0/5 submissions used\na real estate broker receives a commission of 3% of the selling price of a house. if the broker receives a commission of $10,650 on the sale of a home, what was the selling price of the home? (see example 6 in this section.)\n$ \nshow my work (optional)\nsubmit answer\nview previous question question 12 of 13 view next question

Answer

Explanation:

Step1: Set up the equation

Let the selling - price of the house be $x$. The commission is 3% of $x$, which can be written as $0.03x$. We know the commission is $10650$, so the equation is $0.03x = 10650$.

Step2: Solve for $x$

Divide both sides of the equation $0.03x = 10650$ by 0.03. So $x=\frac{10650}{0.03}$. $x = 355000$.

Answer:

355000