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WAEC Mathematics 2019 Question 28

Question 28

Commercial Arithmetic

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?

  1. A.$130,000.00
  2. B.$128,000.00
  3. C.$125,000.00
  4. D.$120,000.00
Show the answer and explanation

Answer: B ($128,000.00)

Explanation

Eric kept 92% of the selling price, so the price = 117,760 ÷ 0.92 = $128,000.