Question

A real estate broker sold your house for $189,000. The broker's commission was 4.5% of the selling price. How much would you get for the house after the commission is paid? A. $150,000 B. $180,495 C. $182,545 D. $129,000

Answer 1

The broker's commission was 4.5% of the selling price.
So, ($189,000)(0.045) = $8,505 = broker's commission

Then the seller receives $189,000 - $8,505 = $180,495

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