Question

A house sells for $237,000. What would Jane's commission rate be as a percent if she received a check for $11,400?

a. 4.6%
b. 4.8%
c. 6.2%
d. 5.4%

Answer 1

Jane's commission rate is 4.8%.

Step-by-step explanation:

To find Jane's commission rate as a percent, we need to divide the amount of her commission by the price at which the house sold, and then multiply by 100.

Let's assume Jane's commission rate is x percent. We can set up the equation:

x/100 = 11400/237000

Simplifying the equation, we get:

x = (11400/237000) * 100

Plugging in the values, we find:

x = 4.8%

Therefore, Jane's commission rate is 4.8%.