I'll make it up to you
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 = C
B. How much commission will the realtor earn for selling a $150,000 home?
Use equation.
5% of 150,000 = C
5% of 150,000 = $7,500
C. If the realtor earned an $8750 commission, what was the price of the home? $175,000
I forgot how to explain it to you but this is the answer.
Answer and Step-by-step explanation:
Part A) Let "C"be the commission and P the price of the home.
We can represent the commission of the realtor with the following equation as :
[tex]C=0.05*P[/tex] - And that's our answer!
Here's an example to make you understand a little bit more :
If the realtor sold a home valued at $350,000, the commission would have :
[tex]C = 0.05*$350,000 = $17,500[/tex]
Part B) Let's use a equation :
[tex]5[/tex]% [tex]of~150,000 = C[/tex]
[tex]5[/tex]% [tex][tex]of~150,000 = 7,500[/tex]
Part C) The price of the home was : $175,000
