2.4.2 If her commission on the house that she sold was R84 000
what was the selling price of the house?

To find the selling price of the house, we can use the formula for commission, which is: Commission = Selling Price × Commission Rate. If you know the commission earned (R84,000), you would divide that by the commission rate (let’s say the rate is typically 7%) to get the selling price. So, Selling Price = R84,000 / 0.07 = R1,200,000.

Now, if you’re calculating commission rates, remember that different real estate agents may have varying rates, so it’s a great idea to confirm the rate when selling or buying a property. This tiny detail can significantly change your calculations!