Question

As a real estate agent kensho earns 4.5% commission on the houses he sells in the first quarter of the year he sold two houses one for $175,000 and the other $199,000 how much was Kensho's commission for this quarter

Answer 1

175000 / 100 = 1750  this step finds 1% of 175000
1750 x 4.5 = 7875  this step finds 4.5% of 175000
Commission for first house $7875
199000 / 100 = 1990  this step finds 1% of 199000
1990 x 4.5 = 8955  this step finds 4.5% of 199000
Commission for second house $8955
$7875 + $8955 = $16,830

Kensho's commission for this quarter is $16,830