Jane earns a 5.5% commission on the selling price of each home she sells. She earned $9,020 in commission on the sale of a home. What was the selling price of the home?

Respuesta :

Answer:

"$164000" is the appropriate answer.

Step-by-step explanation:

Let the selling price be "s".

As per the question,

If Jane take 5.5% of selling price i.e.,

= [tex]0.055\times s[/tex]

Given commission,

= $9,020

then,

The selling price will be:

⇒ [tex]0.055\times s=9020[/tex]

                [tex]s=\frac{9020}{0.055}[/tex]

                   [tex]=164000[/tex] ($)