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.

asked by Anonymous

14 years ago

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1 answer

0.10 x = $400,000
x = $4,000,000

answered by Damon

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Question

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.

1 answer

0.10 x = $400,000
x = $4,000,000

Damon · Answer

0.10 x = $400,000 x = $4,000,000