Please help!
I think the answer is $51,800.00 but I'm not sure.

Atlas Chemical Company wanted to keep its recruiting costs for the position of Chief Chemist to less than $100,000. The company spent $15,500 on advertising and $32,700 on interviewing expenses. They will pay 8% commission on selling the selected individual's home. What is the maximum selling price that Atlas would pay 8% commission on and stay within budget?

Question

Please help!
I think the answer is $51,800.00 but I'm not sure.

Atlas Chemical Company wanted to keep its recruiting costs for the position of Chief Chemist to less than $100,000. The company spent $15,500 on advertising and $32,700 on interviewing expenses. They will pay 8% commission on selling the selected individual's home. What is the maximum selling price that Atlas would pay 8% commission on and stay within budget?

madhu.mukherjee.946 · Answer

how did you get this answer?

anonymous · Answer

100,000-15,500-32,700= 51,800 ( took the total amount alloted for the budget and subrtacted the expenses)

madhu.mukherjee.946 · Answer

nope

anonymous · Answer

s= 647,500 is your answer

anonymous · Answer

how'd you get that?

anonymous · Answer

oh, you divided by .08   .... but why?

texaschic101 · Answer

(15,500 + 32,700) + .08x < 100,000

anonymous · Answer

it just seems like the number is too big (647500)

anonymous · Answer

15000+32700+(8%*5)=100000
48200+0.08=100000
-48200            48200
                        51800
                        0.08
             s=647,500

anonymous · Answer

OH! ok, i understand now.... thank you guys so much! :)