Car selling. Ronald wants to sell his car through a broker who charges a commission of 10% of the selling price. Ronald still owes $11,025 on the car. Ronald must get enough to at least pay off the loan. What is the range of the selling price?
2006-12-16 12:36:51 · 6 answers · asked by salarian2001 2 in Science & Mathematics ➔ Mathematics
Ron owes $11,025 on his car.
The seller will take a 10% commision.
Let X equal the minimum selling price:
The price minus 10% has to be at least 11025.
X-(.1X)=11025
.9X=11025
X=12,250
The range of the selling price is =>$12,250.
2006-12-16 13:00:20 · answer #1 · answered by LeAnne 7 · 0⤊ 0⤋
Let x be the selling price that will net the loan amount after commision.
x >= $11,025 / .90 >= $12,250
2006-12-16 13:44:33 · answer #2 · answered by Northstar 7 · 0⤊ 0⤋
10% to pay broker
so he will end up with 90% of the selling price
90%/100= .9
Price(.9)= $11025
price= $11025/.9
price=$12250
2006-12-16 12:43:18 · answer #3 · answered by shadouse 6 · 0⤊ 0⤋
S.P.=1102500/90
=12250
he should sell it at $12250 min
2006-12-16 12:44:41 · answer #4 · answered by raj 7 · 0⤊ 0⤋
minimum selling price is 11025/.9=$12,250
P>=$12,250
2006-12-16 13:29:41 · answer #5 · answered by yupchagee 7 · 0⤊ 0⤋
>12250 dollars.
2006-12-16 12:42:33 · answer #6 · answered by Walking Man 6 · 0⤊ 0⤋