Question

Mrs. Hamilton worked for a real estate agency. She sold a house for $175,000. the agency's fee for the sale of 4% of the sale price. Mrs. Hamilton received $4,725 of the agency's fee as her commission. What percent of the agency's fee did Mrs. Hamilton receive?

Answer 1

Agency's fee for the sale:
`4\% \cdot 175000=$7000`
Mrs. Hamilton commission:

`(4725)/(7000)=0.675=67.5\%`
Answer: Mrs. Hamilton received 67.5 % of the agency's fee.