Question

The commission on the sale of a property is 5.5% of the value. What is the commission on the sale of a property that has the same percentage of the value of $21,450?

Answer 1

Answer: $1179.75

Explanation:

Percentage of commission = 5.5%

Value of property = $21,450

Commission = Percentage commission × Value of property

= 5.5% × $21,450

= 5.5/100 × $21,450

= 0.055 × $21,450

= $1179.75

The commission is $1179.75