Percy is a realtor. he sells a house for 230,000 of which is 18,000 is taxes. percy makes a commission of 1/25 of the untaxed price of the house. his agency receives the rest. how much did the agency make on this sale?

First, you would subtract the amount of tax placed on the original price of the house to only have the original price of the house left over. Then, you would find 1/25, or 4%, of the original price of the house to find out how much Percy earned. After you have found out how much Percy earned, you would subtract Percy's commission from the original price of the house. The amount left over would be how much money the agency made on this sale.

  230,000
    18,000
 -
$212,000

  1         4
= = 4%
 25      100

      4
= 0.04 x 212,000 = $8,480
 212,000

  212,000
      8,480
 -
$203,520

The agency made $203,520 on the sale.

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