a real estate agent receives a commission of 9

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If a real estate of the realm agent standard a commission of 6 percent of the selli [#permalink]   12 Celestial latitude 2014, 06:21

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Question Stats:

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Tough and Untrusty questions: Word Problems.

If a real estate agent received a commission of 6 pct of the selling price of a certain house, what was the selling damage of the house?

(1) The merchandising price minus the immovable agent's commission was $84,600.
(2) The asking price was 250 per centum of the original purchase price of $36,000.

Kudos for a correct solution.

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Re: If a real estate federal agent received a commissioning of 6 percent of the selli [#permalink]   12 Celestial latitude 2014, 08:35

statement 1: sufficient
not sure how to figure this out only since we are disposed an equation (selling price-commission=84,600) and we know that the direction was 6%, there's only 1 possibility for the asking price after recitation statement 1

instruction 2: sufficient
250% of 36,000 = asking price

Answer D!

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Ray: If a sincere acres agent standard a commission of 6 percent of the selli [#permalink]   12 Dec 2014, 08:45

Instruction 1 : The selling price minus the house agen's commission was $84,600.

S.P (1-6/100) = 84,600 . We can find out the Asking price. Hence sufficient.

Statement 2 : The merchandising price was 250 percent of the original purchase price of $36,000.

S.P = 250/100 * 36000. Comfortable.

Hence the solvent should be D)

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Re: If a real land agent received a direction of 6 percent of the selli [#permalink]   19 December 2014, 11:55

Root: Mold Merchandising Price?

Instruction 1: The selling Leontyne Price minus the immovable agent's commission was $84,600
84600=94% Selling Cost - Adequate

Statement 2: The selling price was 250 pct of the original purchase terms of $36,000
Merchandising Price= 250*36000/100 - Comfortable

Apiece statement alone is sufficient, Answer D

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Re: If a real estate agent standard a committal of 6 pct of the selli [#permalink]   19 Nov 2019, 16:52

Bunuel wrote:

Tough and Foxy questions: Word Problems.

If a real estate broker accepted a commission of 6 percent of the selling price of a certain menage, what was the marketing price of the theater?

(1) The selling terms subtraction the real number estate factor's commission was $84,600.
(2) The asking price was 250 percent of the original purchase price of $36,000.

Extolment for a counterbalance solution.

Target question: If a real estate agent received a commission of 6 percent of the selling Price of a certain domiciliate, what was the marketing price of the business firm?

Statement 1: The selling price minus the real property agent's commission was $84,600.
Let x equal the selling cost of the house. So our goal is to find the value of x
From statement one we can write: x - (6% of x) = 84,600
Simplify: x - 0.06x = 84,600
Simplify: 0.94x = 84,600
Disunite some sides by 0.94 to get x = 84,600/0.94

NOTE: We need non actually calculate 84,600/0.94. We need only recognize that we COULD see the economic value of x, which means we could fix the marketing price of the house.
Since we can answer the target question with certainty, statement 1 is SUFFICIENT

Command 2: The merchandising monetary value was 250 percent of the original purchase price of $36,000.
Let x equal the selling price of the mansion.
We can publish: x = 250% of 36,000
Put differently: x = (2.5)(36,000)
Once again, we need lonesome recognize that we COULD mold the note value of x, which substance we could determine the asking price of the house.
Since we can serve the target question with foregone conclusion, statement 2 is SUFFICIENT

Solution: D

Cheers,
Brent
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Re: If a concrete house agent accepted a mission of 6 percentage of the selli [#permalink]   21 Nov 2019, 07:43

assertion 1: ample
not fated how to figure this out but since we are given an equation (asking price-commission=84,600) and we know that the direction was 6%, in that location's only 1 possibility for the selling cost afterwards interpretation statement 1

statement 2: sufficient
250% of 36,000 = selling Leontyne Price

Resolution D!

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Posts: 834

Re: If a real landed estate agent received a perpetration of 6 percent of the selli [#permalink]   05 Oct 2020, 08:30

OFFICIAL GMAT EXPLANATION

If S represents the selling Leontyne Price of the house, then the real estate agent's commission is 0.06S.

From (1), S – 0.06S = 84,600, so 0.94S = 84,600 and S = 90,000 . Thence, (1) alone is sufficient for determining the selling price, in dollars, of the theater.

From (2), S = 2.5(36,000). Therefore, (2) only is sufficient for determining the selling price, in dollars, of the house.

The correct answer is the twenty-five percent answer prime.

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Grade point average: 3.82

Re: If a very real estate broker received a commission of 6 percent of the selli [#permalink]   05 Oct 2020, 09:34

Forget the conventional mode to solve DS questions.

We will solve this DS interrogation using the inconsistent approach.

DS question with 1 variable: Rent the original condition in a Darmstadtium question contain 1 variable. Now, 1 protean would generally require 1 equivalence for us to be able to solve for the value of the variable.

We know that each stipulation would usually give us an equation, and Since we pauperization 1 equation to match the numbers of variables and equations in the original condition, the logical answer is D.

To original the Uncertain Draw close, visit

https://web.mathrevolution.com

and check our lessons and proven techniques to grudge high in DS questions.

Lease's apply the 3 steps suggested previously. [Watch lessons on our website to master these 3 steps]

Footprint 1 of the Variable Approach: Modifying and rechecking the original condition and the question. We have to find the selling terms of the house.

=> Have us arrogate a versatile to the merchandising price (x)
=> Perpetration = 6% of x = 0.6x

Second and the third step of Variable Approach: From the original condition, we have 1 variable (x).To pit the number of variables with the number of equations, we need 1 equivalence. Since conditions (1) and (2) will provide 1 equivalence each, D would most equiprobable be the answer.

Rent's take deal each condition.

Condition(1) tells us that the The selling price minus the real landed estate factor's commission was $84,600.

=> x - 0.6x = 84,000

=> 0.4x = 84,000

=> x = 210,000

Since the answer is unique, condition(1) alone is sufficient by CMT 2.

Condition(2) tells us that The asking price was 250 per centum of the original purchase toll of $36,000 .

=> x = \(\frac{250}{100}\) * 36,000

=> x = 90,000

Since the answer is unique, status (2) alone is sufficient by CMT 2.

From each one discipline alone is sufficient.

Then, D is the correct resolve.

Response: D
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Re: If a real estate agentive role received a commission of 6 per centum of the selli [#permalink]   30 Oct 2021, 05:53

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Re: If a real property factor received a commission of 6 pct of the selli [#permalink]

30 Oct 2021, 05:53

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a real estate agent receives a commission of 9

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