Question

A real estate broker sold your house for $189,000. The broker's commission was 4.5 percent of the selling price. How much would you get for the house after the commission is paid?

Answer 1

First, we are going to find the commission of the broker. To do that we are going to multiply the selling price of your house by 4.5 percent:

`189000*`4.5%=
`189000* (4.5)/(100)=8505`

Next we are going to subtract the broker's commission ($8505) from the selling price of your house:

`189000-8505=180495`

We can conclude that you will get $180,495 from your house after the commission is paid.