Peter wants to get $200,000 for his house. An agent charges 20% of the selling price for selling the house for Peter. a) What should be the selling price? b) What will be the agent's commission?

Peter wants to get $200,000 for his house. An agent charges 20% of the selling price for selling the house for Peter.a) What should be the selling price?b) What will be the agent's commission?Please explain how you arrived at your answer.