Question

A realtor makes 5% commission on each sale.

Define the variables and write an equation to represent the relationship between the price of a home and the commission received.

Answer 1

,

Explanation:

Answer 2

C = 0.05*P

Explanation:

Let C be the comission and P the price of a home.

We can represent the comission of the realtor with the following equation:

C = 0.05*P

Let's do an example, if the realtor sold a home valued at $350,000, the comission would be:

C = 0.05*$350,000 = $17,500