Question

A realator makes a commison of 3500 on a 50000 house what is commison rate

Answer 1

Do find the commission rate, we'll use 'p' to represent the commission percent.

50000p = 3500

p = 3500/50000

We can simplify:

p = 700/10000

= 7/100

7/100 is 7%, so:

The commission rate is 7%