Asked by Anonymous
A painting by a famous impressionist sold through an auction house where the sale price is not publicly disclosed. The auction house works on a commission rate if 10%. They earned a commission of $400,000 on this painting. What was the price of the painting.
Answers
Answered by
Damon
0.10 x = $400,000
x = $4,000,000
x = $4,000,000
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