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Paul
13 days ago
6

For commission as a realtor, Michelle earns $349 plus 3% of the purchase price for each home she helps buy or sell. If she earne

d $8,965 in commission on a certain home, find its purchase price.
ANSWER:
$8965- $349= $8616
3/100x= 8616
8616 x 100/ 3= $287,200.

I'm posting this because somebody inboxed me asking for help and before I even got to help them, they deleted the inbox and i couldn't remember their name. I hope you see this and benefit from it, sorry!
Mathematics
1 answer:
zzz [9K]13 days ago
8 0
Let's approach this gradually.

Michelle receives 349 plus 3% of the Purchase value. We'll denote the Purchase value as P, hence:

 

Income, E = 349 + 0.03 P

 

When she accrues 8,965 (E = 8,965), we can solve for P:

 

8,965 = 349 + 0.03 P

0.03 P = 8,616

P = $287,200

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