Question

At a real estate​ agency, an agent sold a house for 343000​$. The commission rate is ​7.5% for the real estate agency and the commission rate for the agent is 30​% of the amount the real estate agency gets. How much did the agency make on the​ house? How much did the agent earn in​ commission?

Answer 1

Answer: The commission rate for the real estate agency is 7.5% of the sale price, which is:

0.075 x 343000 = $25,725

The agent's commission is 30% of the amount the agency gets, which is:

0.3 x 25725 = $7,717.50

Therefore, the real estate agency made $25,725 on the house and the agent earned a commission of $7,717.50.

Explanation: