algebra
posted by Lauren .
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?

algebra 
PsyDAG
$140,000(.05) + X(.07) = $11,350
Solve for X and add solution to $140,000.
I hope this helps. Thanks for asking.
Respond to this Question
Similar Questions

Managerial Economics
2)The manager of All City realtors wants to hire some real estate agents to specialize in selling housing units acquired by the Resolution Trust Commission (RTC) in its attempt to bail out the savings and loan industry. The commission … 
algebra
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 … 
math
vivian sold her home through a real estate company. Vivial received $140,000 after she paid the real estate agent a 6% commission. What was the selling price of her home? 
algebra
The Berry's sold their house after paying the real estate agent a commission of 6% of the selling price and then paying $1,486 in other costs and $90,000 on the mortgage, they received $49,514. What was the selling price of the house? 
Economics
Are these accurate? 2)The manager of All City realtors wants to hire some real estate agents to specialize in selling housing units acquired by the Resolution Trust Commission (RTC) in its attempt to bail out the savings and loan industry. 
Math
A real estate agent to sell a large apartment complex according to the following commission schedule: $45,000 plus 25% of the selling price in excess of $900,000. Assuming that the complex will sell at some price between $900,000 and … 
Managerial Economics
The manager of All City realtors wants to hire some real estate agents to specialize in selling housing units acquired by the Resolution Trust Commission (RTC) in its attempt to bail out the savings and loan industry. The commission … 
Math
Karl wants to get $80,000 for his house the real estate agent charges 8% of the selling price for selling the house. What should the selling price be? 
math
By selling a home without using a realtor, Barb can avoid paying a 7.25% commission. She received an offer of $275,000 from a potential buyer. In order to give a comparable offer, for what price would a realtor need to sell the house? 
algebra 2
Sonia is selling her house through a real estate agent whose commission is 6% of the selling price. What should be the selling price so Sonia can get $84,600?