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Eric sold his house through an agent who charged 8% commission on the selling price....

Mathematics
WAEC 2019

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? 

  • A. $130,000.00
  • B. $128,000.00
  • C. $125,000.00
  • D. $120,000.00
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Correct Answer: Option B
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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WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995