Question

Juliana sells a house for $330,000. Her commission for the sale is $10,725. What percent commission did she earn? (Make sure to write your answer as a percent for example: 6.2%. Round your answer to the nearest hundredth of a percent.)

Answer 1

3.25%

Explanation:

To find the percentage commission Juliana earned, we need to divide her commission by the selling price of the house and then multiply by 100 to convert the decimal to a percentage.

Commission rate = (Commission / Selling price) x 100%

Commission rate = ($10,725 / $330,000) x 100%

Commission rate = 0.0325 x 100%

Commission rate = 3.25%