Answer:
Opton C: $400,000
Step-by-step explanation:
A real estate agent received a $17,500 commission on the sale of a $350,000 house.
We will calculate the percentage of the commission.
[tex]\frac{17,500}{350,000}\times 100[/tex]
= 0.05 × 100
= 5%
Let the value of the house on Center Ave be x
Therefore, 5% of x = $20,000
= 0.05x = 20,000
x = [tex]\frac{20,000}{0.05}[/tex]
x = $400,000
The sale price of the house on Center Ave is $400,000
