Question

If you are selling your house with a local realtor who requires a 5 Pete cent commission fee what can you expect to pay the realtor of your house sells for 170,000

Answer 1

`\begin{gathered} sell\text{ing price =\$170,000 } \\ \text{commission fe}e\text{ = 5\% = 0.05} \\ commission\text{ = \$170,000 x 0.05} \\ commission\text{ = \$8,500} \\ You\text{ expect to pay \$8,500 } \end{gathered}`