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# Benny, a real estate agent, receives a commission of 8

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Benny, a real estate agent, receives a commission of 8 [#permalink]  24 Jul 2011, 15:38
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Question Stats:

40% (01:20) correct 60% (00:15) wrong based on 1 sessions
Benny, a real estate agent, receives a commission of 8 percent of the selling price for every house he sells. What was the selling price of the house he sold most recently?

(1) The selling price was 300 percent greater than the original purchase price.

(2) The selling price minus Benny's commission was \$176,088.
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Re: DS - 700 level - commission [#permalink]  24 Jul 2011, 16:23
bschool83 wrote:
Benny, a real estate agent, receives a commission of 8 percent of the selling price for every house he sells. What was the selling price of the house he sold most recently?

(1) The selling price was 300 percent greater than the original purchase price.

(2) The selling price minus Benny's commission was \$176,088.

will go with B.

from the question stem commission = 8% of SP

1st statement does not provide any info on original or selling price...

2nd statement implies SP - commission = 176,088
i.e. SP - 0.08 SP = 176,088

0.92 SP = 176,088 i.e. SP = 176,088/0.92 ~ 200,000
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Re: DS - 700 level - commission [#permalink]  24 Jul 2011, 21:34
Stmt 1: doesn't give any SP value only the percent. Insuff

Stmt2: SP - Benny's commission = 176088
SP - (8/100)*SP = 176088

Hence Suff. Ans : B
Re: DS - 700 level - commission   [#permalink] 24 Jul 2011, 21:34
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