Question

Alissa sells real estate. She makes a 3% commission rate on each sale. Alissa pays 25% of her commission to her home office to pay for expenses. How can Alissa calculate the amount of money she will keep after selling a $250,000 home?

Answer 1

$5,625/Option C | Option C for the assignment, but the answer to the question for the amount would be $5,625.

Explanation:

The amount answer of how to get the amount: Multiply $250,000 by 0.03, and then multiply again by 0.75.

Option C answer: Multiply $250,000 by 0.03, and then multiply again by 0.75.

I'm very sorry if this confused any of you!

Hope this helped!! ^^

Answer 2

$5625

Explanation:

Given that :

Commission rate upon sale = 3%

Percentage of commision paid as home office expenses = 25%

Sale made = $250,000

Amount kept :

Amount of commission = 0.03 * 250000 = $7500

Amount of commission paid as Home office expenses :

0.25 * 7500 = $1875

Amount kept :

Commission amount - commission expense

$7500 - $1875

= $5625