Question

A real estate agent sold a house for $315,000 last week. If her commission is 3.25% of the selling price of the home, find the amount of her commission?

Answer 1

Total commission= $10,237.5

Explanation:

Giving the following information:

A real estate agent sold a house for $315,000 last week.

Commission= 3.25%

To calculate the value of the commission, we need to use the following formula:

Total commission= house value*commission percentage

Total commission= 315,000*0.0325

Total commission= $10,237.5