Question

At a real estate agency, an agent sold a house for $391,000. The commission rate is 6.5% for thereal estate agency and the commission rate for the agent is 25% of the amount the real estateagency gets. How much did the agency make on the house? How much did the agent earn incommission?The agency made on the house,

Answer 1

The first step is determining the commission for the real estate agency

391000 * 6.5%

391000 *.065

25415

Now the agent gets 25% of this amount

25415 * 25%

25415 *.25

6353.75

The agency made 25,415

The agent made 6353.75