Question
Melanie receives a 3% commission on every house she sells. If she received a commission of $7,5877, what was the value of the house she sold?
Answers
GPT-4o mini
To find the value of the house that Melanie sold, you can use the formula for commission:
\[
\text{Commission} = \text{Commission Rate} \times \text{Sale Price}
\]
In this case, the commission is $7,587 and the commission rate is 3% (or 0.03 in decimal form).
Let \( x \) be the sale price of the house. Then the equation can be set up as follows:
\[
7587 = 0.03 \times x
\]
To find \( x \), divide both sides of the equation by 0.03:
\[
x = \frac{7587}{0.03}
\]
Calculating this gives:
\[
x = 252,900
\]
Therefore, the value of the house she sold was **$252,900**.
\[
\text{Commission} = \text{Commission Rate} \times \text{Sale Price}
\]
In this case, the commission is $7,587 and the commission rate is 3% (or 0.03 in decimal form).
Let \( x \) be the sale price of the house. Then the equation can be set up as follows:
\[
7587 = 0.03 \times x
\]
To find \( x \), divide both sides of the equation by 0.03:
\[
x = \frac{7587}{0.03}
\]
Calculating this gives:
\[
x = 252,900
\]
Therefore, the value of the house she sold was **$252,900**.