Question

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Mr. Duke worked for a real-estate Agency. He sold a house for $225,000. The agency’s fee for the sale was 3% of the sale price. Mr. Duke received $3712.50 of the agency’s fee as his commission. What percent of the agency’s fee did Mr. Duke receive?

Answer 1

Mr. Duke received 1.65% percent of the agency's fee.

Explanation:

Given:

Mr. Duke worked for a real-estate Agency.

He sold a house for $225,000. The agency’s fee for the sale was 3% of the sale price.

Mr. Duke received $3712.50 of the agency’s fee as his commission.

Now, to find the percent of the agency's fee Mr.Duke receive.

Mr. Duke sold house = $225,000.

Mr.Duke received = $3712.50.

So, to get the percent of agency's fee Mr. Duke receive:

`(3712.50)/(225000) * 100`

`=0.0165* 100`

`=1.65\%.`

Therefore, Mr. Duke received 1.65% percent of the agency's fee.