Hello! First, let's get the information contained in the exercise:
• The real state broker receives a commission of 3%
• He received ,$13,980,, equivalent to, 3%
So, how many dollars equals 100%? To find this value, we will use the Rule of Three, look:
Multiplying across, we will get:
[tex]\begin{gathered} 3x=13,980\cdot100 \\ 3x=1,398,000 \\ x=\frac{1,398,000}{3} \\ x=466,000 \end{gathered}[/tex]So, the price of the home was $466,000.
