Final answer:
To calculate the commission for the contractor who built a house that sells for $309,000 with a commission rate of 2%, the formula is Commission = Sale Price x Commission Rate. The contractor's commission would be $309,000 x 0.02, resulting in a commission of $6,180.
Step-by-step explanation:
The subject of this question is Mathematics, specifically dealing with the concept of percentage calculations in a real-world context involving real estate transactions. To find the construction contractor's commission, we use the following calculation:
- Commission Rate = 2%
- House Sale Price = $309,000
- Commission = Sale Price × Commission Rate
Thus, the contractor's commission is:
Commission = $309,000 × 0.02 = $6,180
The contractor would receive a commission of $6,180 for the construction of the house.