Question

At a real estate agency, an agent sold a house for $311,000. The commission rate is 4.6% for the real

ostate agency and the commission rate for the agent is 25% of the amount the real estate agency
goto How much did the agency make on the hous? How much did the agent cam in commission?

Answer 1

9514 1404 393

Answer:

• agency: $14,306
• agent: $3,576.50

Explanation:

The agency's commission was ...

0.046 × $311,000 = $14,306

The agent's commission was ...

0.25 × $14,306 = $3,576.50

__

The agency made $14,306; the agent earned $3,576.50.