A real estate agent received a $17,500 commission on the sale of a $350,000 house on Walnut Street. The same agent received a $20,000 commission on the sale of a house on Center Avenue. What was the sale price of the house on Center Avenue?
A.$100,000
B.$370,000
C.$400,000
D.$450,000
Pls help if I fail it's not gonna end well
s = 20,000 *( 350,000 / 17,500) = $400,000
Thxx
To calculate the sale price of the house on Center Avenue, we can set up a proportion using the commission amounts and the sale prices.
Let x be the sale price of the house on Center Avenue.
We can set up the proportion as follows:
$17,500 / $350,000 = $20,000 / x
To find the value of x, we can cross-multiply and solve for x:
$17,500 * x = $20,000 * $350,000
x = ($20,000 * $350,000) / $17,500
x = $400,000
Therefore, the sale price of the house on Center Avenue is $400,000.
Answer: C. $400,000
To find the sale price of the house on Center Avenue, we can use the information given about the commission received by the agent.
Let's assume the commission rate for the agent is a fixed percentage of the sale price.
From the given information, we know that the agent received a $17,500 commission for a $350,000 house on Walnut Street.
Using this information, we can calculate the commission rate of the agent:
Commission Rate = Commission / Sale Price
Commission Rate = $17,500 / $350,000
Commission Rate = 0.05 or 5%
Now, we can use the commission rate to find the sale price of the house on Center Avenue.
Commission = Commission Rate * Sale Price
$20,000 = 0.05 * Sale Price
Dividing both sides of the equation by 0.05, we have:
Sale Price = $20,000 / 0.05
Sale Price = $400,000
Therefore, the sale price of the house on Center Avenue is $400,000.
The answer is C. $400,000.