Question

16. Juan is a real estate agent that receives a 3% commission on each property that he sells. He sold a home to a client that purchased the home for $258,250.00. What was his commission on this home? A.7,748.5 B.7,748 C.7,747 D.7,748.50

Answer 1

We need to calculate how much is 3% out of $258,250.00. (the cost of the home).

To calculate any percentage, what we need to do is divide the quantity by 100, and multiply the result by the percentage we want. In this case:

`($258,250$)/(100)*3`

divide $258,250 by 100 and multiply by 3.

the result of this will be:

`($258,250$)/(100)*3=7,747.5`

Answer: 7