Question

1) Miguel sells a house for $275,000. His commission for the sale is $6,875. What percent commission did he earn? (Make sure to write your answer as a percent for example: 6.2%)

Answer 1

Answer: 2.5%

Step-by-step explanation:

Let's use the rule of 3 here.

If the total price is $275,000 or 100% of the sale, then $6,875 is X% of the total sale.

Let's put money on one side and percentages on the other.

$\frac{275000}{6875}=\frac{100}{x}$

Solve for x;

$x=\frac{6875*100}{275000}$

$x=2.5$

Answer 2

The Percent commission Miguel earn is 2.5%.

To Find the percent commission Miguel earned

Given:

Miguel sells a house = $275,000

His commission for the sale =$6,875.

Step 1:

Let's use the rule of 3 here.

If the total price is $275,000 or 100% of the sale,

then $6,875 is X% of the total sale.

Step 2:

Let's put money on one side and percentages on the other

=275000/6875

= 100/x

Solve for x;

x = 6875×100/275000

x = 2.5

Therefore, Percent commission did Miguel earn is 2.5%.

To know more about percent commission, refer:

• https://brainly.com/question/15469506

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