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14 May, 20:23

E a real estate broker earns a salary of $21,000 plus 2.5% of the value of any real estate sold. last year the broker earned $52,000. what was the total value of all real estate sold by the broker?

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  1. 14 May, 20:45
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    Salary of real estate broker = $21,000

    plus 2.5% of the value of any real estate sold = 2.5% = 0.025

    last year the broker earned = $52,000

    total value of real estate sold by the broker = ?

    let the total value is X, so the equation will be

    $21,000 + 2.5%of X = $52,000

    replace 2.5% with 0.025

    0.025X = $52,000 - $21,000

    0.025X = $31,000

    X = $31,000 / 0.025

    X = $1,240,000

    S the total value of real estate he sold is $1,240,000.
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