Q:

Hey, had another question that I have also been attempting to figure out for the last few hours and I hope that someone could help!___________________________________A realtor makes 5% commission on each sale.Define the variables and write an equation to represent the relationship between the price of a home and the commission received.If the realtor earned an $8750 commission, what was the price of the home?

Accepted Solution

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Answer:A. Define the variables and write an equation to represent the relationship between the price of a home and the commission received.Commission are a form of variable-pay remuneration for services rendered or products sold.Equation would be like this (with s for sale of a house and c for commission),5% of s = CB. How much commission will the realtor earn for selling a $150,000 home?Use equation.5% of 150,000 = C5% of 150,000 = $7,500C. If the realtor earned an $8750 commission, what was the price of the home? $175,000