Question

A house sold for $340,100.00. The buyer’s real estate agent earned a commission of $9,522.80, and the seller’s real estate agent earned a commission of $10,883.20. What was the commission rate of each agent, rounded to the nearest tenth? Select your answers from the drop-down lists.

The commission rate of the buyer’s real estate agent was percent.

The commission rate of the seller’s real estate agent was percent.

Answer 1

2.8%, and 3.2%

Explanation:

Buyer's real estate agent:

9522.80 ÷ 340100.00 = 0.028 = 2.8%

Seller’s real estate agent:

10883.20 ÷ 340100.00 = 0.032 = 3.2%