Question

Mrs.Hamilton worked for a real estate agency. She sold a house for $250,000. The agency's fee for the sale was 5% of the sale price. Mrs.Hamilton received $5,500 of the agency's fee as her commission. What percent of the agency's fee did Mrs.Hamilton recieve? Round your answer to the nearst tenth of a percent.

Answer 1

Agency 's fee = 5% of $250,000 = 5/100 * 250000 = $12500

Mrs Hamilton reaceived $5,500 of the $12,500 = 5500/12500 * 100 = 44.0%