Question

A real estate agent earned $6300 commission on a property sale of $210000. What is her rate of commission?

Answer 1

STEP - BY - STEP EXPLANATION

What to find?

The rate of commission.

Given:

To solve, we will follow the steps below:

Step 1

Define the formula that can be use in solving the given problem.

`Rate\text{ of commission=}\frac{amount\text{ earned}}{total\text{ amount}}*100`

From the question;

amount earned = $6300 and total amount = $210000

Step 2

Substitute the values into the formula and simplify.

`Rate\text{ of commission=}(6300)/(210000)*100\text{ \%}`
`=(63)/(21)\text{ \%}`
`=3\text{ \%}`

ANSWER

The rate of commission is 3 %