Marcy is a real estate agent. She sold a house for $356,700. Her commission from that sale was $12,484.50. What is her commission rate?
we have that
$356,700 represent 100%
so
applying proportion
Find out how much percentage represent $12,484.50
100/356,700=x/12,484.50
solve for x
x=(100/356,700)*12,484.50
x=3.5%
therefore
the answer is 3.5%