Posted by Lauren on .
At a certain real estate firm,realtors selling homes receive a commission of 7% for the first 140,000 of the selling price, and 5% for any amount exceeding 140,000. A realtor for the firm received 11,350 for selling a house. What was its selling price? I really do not understand this question can someone please help me?
$140,000(.05) + X(.07) = $11,350
Solve for X and add solution to $140,000.
I hope this helps. Thanks for asking.