WAEC - Mathematics (2019 - No. 27)

Eric sold his house through an agent who charged 8% commission on the selling price. If Eric received $117,760.00 after the sale, what was the selling price of the house? 
$130,000.00
$128,000.00
$125,000.00
$120,000.00

Explanation

\(\frac{8}{100} \times x + 117,760 = x\)

x - \(\frac{8x}{100} = 117,760

\(\frac{92x}{100} = 117,760\)

x = \(\frac{117,760 \times 100}{92}\)

Selling price = N128,000

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