Posted by **sunny** on Wednesday, January 13, 2010 at 3:30am.

I'm really struggling with word problems. I don't know how to set this up.

2. You own a piece of land on which you owe the bank $12,760 to the bank. You decide to sell the land and want enough money to pay off the mortgage of the land. The real estate agent gets 6% of the selling price, and your city has a $400 real estate transfer tax paid by the seller. What should the range of the selling price be for you to get at least enough money to pay off your mortgage? Set up the inequality for this situation and then solve it. Your answer must be in inequality form.

- algebra 1 -
**drwls**, Wednesday, January 13, 2010 at 9:33am
You want the cash out after tax and commission to be at least $12,760.

Let X be the selling price.

Solve this inequality:

0.94 X -400 > 12,760

0.94 X > 13,160

X > $14,000

## Answer This Question

## Related Questions

- math - Jessica has a credit card from party bank and another from artic bank. ...
- english - For the following questions, match each word to its definition by ...
- Algebra 2 - A man is planning to invest up to $22,000in bank X or bank Y or both...
- Economics - Bank A has a leverage ratio of 10, while Bank B has a leverage ratio...
- check english answers please?? - Match the definition with the appropriate word...
- economics - Eric borrowed 515 dollars today and has agreed to pay back in equal...
- history - What is the significance of the bank war and why did it and justify ...
- Bank Operations Question - Say you want to start a "National Bank". Thus you ...
- English - You can send the money over the Internet. You don't have to go to the ...
- pre algebra - in vanessas coin bank there are 4 times as many quarters as ...

More Related Questions