Robert is selling his bulldozer at a heavy equipment auction. The auction company receives a commission of 5% of the selling pri
ce. If Robert owes $124,850 on the bulldozer, then what must the bulldozer sell for in order for him to be able to pay it off?
1 answer:
Answer:
$131422
Step-by-step explanation:
Given :
Amount owed = $124,850
Commison on sale = 5%
Let :
Sale price of bulldozer = x
Sale price = amount owed + 5% of sale price
x = 124850 + 0.05*x
x = 124850 + 0.05x
x - 0.05x = 124850
0.95x = 124850
x = 124850 / 0.95
x = 131421.05263
To the nearest dollar = $131422
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