A homeowner is selling her house. She must pay 7% of the selling price to her real estate agent after the house is sold. Define a variable and write and solve an inequality to find what the selling price of her house must be to have at least $140,000 after the agent is paid. Round to the nearest dollar.

I know it's a little bit much to ask for that much help but if you guys could just help me with the inequality part, I'll solve it myself :)
Also, it would be really helpful if you guys could guide me through the steps.

Thank you!

Question

A homeowner is selling her house. She must pay 7% of the selling price to her real estate agent after the house is sold. Define a variable and write and solve an inequality to find what the selling price of her house must be to have at least $140,000 after the agent is paid. Round to the nearest dollar.

I know it's a little bit much to ask for that much help but if you guys could just help me with the inequality part, I'll solve it myself :)
Also, it would be really helpful if you guys could guide me through the steps.

Thank you!

anonymous · Answer

In this economy? I don't even think she'll be able to find somebody eligible for that large of a loan.

anonymous · Answer

I know, they always make these word problems so unrealistic..

anonymous · Answer

also, if S is the sale price of the house, she'll have to fork over 7% * S = 0.07S to her agent, leaving her with only S - 0.07S to spare ... make sure that its >= 140,000.