Question

John receives a 2.5% real estate commission when he sells a home for his client. How much will the client receive from the sale of their $346,000 home?

A. $8,650
B. $337,350
C. $346,000
D. $354,650

Answer 1

To find the amount of money that the client will receive, all you have to do is subtract the amount that John receives.

To do this, you multiply 2.5% or 0.025 by 346,000.

0.025*346,000=8650. This means that John receives $8650 for helping this client sell their house.

346000-8650=337,350.

This means that the client receives $337,350 from the sale of their $346,000 home.

B. $337,350