Question

A real estate agent receives 2.5% commission on the sale of each house. How much commission will the agent earn on the sale of a 219000 home? Thanks :)

Answer 1

Answer: To find the commission that the agent will earn on the sale of a $219,000 home, we need to multiply the sale price by the commission rate:

Commission = Sale Price x Commission Rate

The commission rate is given as 2.5%, which can be written as a decimal as 0.025. So, we can substitute the given values into the formula:

Commission = $219,000 x 0.025

Simplifying the right-hand side:

Commission = $5,475

Therefore, the agent will earn a commission of $5,475 on the sale of a $219,000 home.

Explanation: