Question

Tomas is a commercial real estate agent who earns a yearly salary of $82,500 and a 2.5% commission on his total sales. If Tomas sold properties that totaled $3.75 million in sales during one year, what are Tomas’s earnings for that year?

Answer 1

$176,250

Explanation:

Multiply $3.75 million by Tomas commission on his total sales.

Since you can't multiply a percentage you have to turn the commission into a decimal by moving it two spaces to the left. (Note: if it doesn't have a decimal add one add the end of the number then move it two spaces to the left)

$3,750,000 x .025 or 0.025 = $93,750

Add $93,750 to Tomas yearly salary

$93,750 + $82,500 = $176,250

So

If Tomas sold properties that totaled $3.75 million in sales during one year, his earnings for that year would be $176,250