Question

A realtor earns a 5% commission sale.
If the realtor earned an $8750 commission, what was the price of the home?

My answer: 9,187.5
I'm not sure if I did this right

Answer 1

Nah,you did not buy the house for that.
0.05 x = 8750
x = 8750 / .05
= 875,000 / 5
= 175,000

Answer 2

Thanks!