Question

At a real estate agency, an agent sold a house for $344,000. The commission rate is 4.5% for the real estate agency and the commission rate for the agent is 25% 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

Commission - $15,480 | Money the agency made - $86,000

Explanation:

4.5% of $344,000 is $15,480

25% of $344,000 is $86,000