Andrew is looking to sell his house for $20 per square foot. His house is 2,200 sq ft. His agent is going to charge 20% of what he sells it for. Which of the following equations represents how much money Andrew will make if he sells his house for the asking price?
Y = The amount Andrew will make before he pays his agent X = Andrew’s net profit
Explanation
Let “Y” be Andrew’s total selling price for his house. Therefore,
Y = 2200 x 20
Let “X” be the amount Andrew makes after he pays 20% to his agent.
X = total selling price – 20% of total selling price
X = Y - 0.20Y
X = Y-0.2Y