Chapter 8.1, Problem 3P

To determine

To find the commission the agent will make on a house that sells for $\$145,000$ .

Answer to Problem 3P

The agent will make a commission of $\$6525$ .

Explanation of Solution

Given information:

The real estate agent made a commission of $\$5400$ on a house that sold at $\$120,000$ .

Calculation :

The commission the agent will make on a house that sells for $\$145,000$ can be calculated by:

  $\begin{array}{l}\frac{y_1}{x_1}=\frac{y_2}{x_2}\\ \frac{120,000}{5400}=\frac{145,000}{x_2}\\ x_2=\frac{145,000\times 5400}{120,000}\\ x_2=6525\end{array}$

Hence, the agent will make a commission of $\$6525$ .