a rancher is going to sell one of his Bulls at an auction an

a rancher is going to sell one of his Bulls at an auction and would like to make $45,500 after paying a 9% commission to the auctioneer. For what selling price will the rancher make this amount of money?

Solution

The rancher gives 9 %commision of selling price to the auctioneer..

Hence remaining value is 91%

Let selling price be \'\'x\'

Therefore 91%of x =45500

91x/100=45500

X=45500*100/91

X=50000

Hence the selling price is $50,000