Question

A real estate agent earns a 6% commission for the sale of a home. A home sold for $550,000. What was the commission earned by the agent?

$330.00

$3300.00

$33,000.00

$330,000.00

Answer 1

The commission earned by the agent is $33,000.00.

Answer 2

Multiply the sale price by the commission rate:

550,000 x 0.06 = 33,000

He earned $33,000.00