Question

Me. Holtsclaw sells his home for $240,000 he must pay the real estate agents a 5% commission. How much is the commission?

Answer 1

Mr. Holtsclaw has to pay $12,000.

Explanation:

This is because 5% equals 0.05. And you have to do 240,000 times 0.05 which equals 12,000 which is the amount of commission.

Answer 2

Holtsclaw sells his home for $240,000 he must pay the real estate agents a 5% commission and the commission paid is $ 12000.

Solution:

Given that Me. Holtsclaw sells his home for $240,000 he must pay the real estate agents a 5% commission

Amount Sold = $240,000

Percentage rate = 5%

We can find the commission paid by following the below steps

5% = 5/100 =0.05

Using the below formulae

Commission paid = Amount Sold × Percentage rate

= 240000 × 0.05

=12000

Therefore the commission paid to real estate agent is $ 12000.