Question

A man sold his house for $125,000. After paying the broker his commission, the man received $116,875. What was the broker’s commission percentage?

Answer 1

125,000-116875=8,125

8,125/125,000=0.074

0.065×100=6.5%

Answer 2

6.5%

Explanation:

We know that a man sold his house for $125,000 and received $116,875 after paying the broker his commission.

We need to find the percentage of the broker's commission.

`125000 - 116875 = 8125`

Calculating this amount as the percentage of the total amount to find the broker's commission percentage.

`\frac { 8125 } { 125000 } * 100`

`0.065 * 100`

6.5%