algebra 1

posted by .

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 -

    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

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Physics

    A small boat is crossing a river which flows at 10km.h. The driver of the boat keeps it heading directly (at 90) away from the bank at a speed of 24 km/h relative to the water. The river is 0.5 km wide. I calculated the speed of the …
  2. history

    What is the significance of the bank war and why did it and justify the two-party system?
  3. Physics

    A long jumper jumps at a 45 degree angle towards the right bank which is 10.0 m away horizontally and 2.5 m vertically below. How long, or short, of the opposite bank will she land?
  4. Algebra 2

    A man is planning to invest up to $22,000in bank X or bank Y or both. He wants to invest at least $2,000 but no more than $14,000 in bank X. Bank Y doesn't insure more than a $15,000 investment so he will not invest no more than that …
  5. Economics

    Bank A has a leverage ratio of 10, while Bank B has a leverage ratio of 20. Similar losses on bank loans at the two banks cause the value of their assets to fall by 7 percent. Which bank shows a larger change in bank capital?
  6. physics

    A 410-m-wide river has a uniform flow speed of 2.0 m/s through a jungle and toward the east. An explorer wishes to leave a small clearing on the south bank and cross the river in a powerboat that moves at a constant speed of 7.9 m/s …
  7. math

    Jessica has a credit card from party bank and another from artic bank. she owes artic bank $150 more than party bank. party bank charges 16% simple interest per year and artic bank charges 17% per year. the yearly interest charge Jessica …
  8. History

    How did Jackson's war on the Second Bank of the US end up causing economic depression?
  9. english

    For the following questions, match each word to its definition by filling in the correct letter. wise deceptively charming enormous passion sound; fit competing awe-inspiring sinister; threatening Use the word bank to answer the question. …
  10. MATH

    a man bought a piece of land for rs 15000.he sold 1/3 of the land at loss 5% and what gain % should he sell the remaining to gain 8% on the whole.

More Similar Questions