Question

Question 1: A real estate agent sold a house for $315,000 last week. If her commission is 1.25% of the selling price of the home, find the amount of her commission.

Answer 1

ANSWER

$3937.50

EXPLANATION

The agent receives a commission of 1.25% of the selling price.

The selling price of the house is $315,000.

To find the amount of her commission, we need to find 1.25% of $315,000.

That is:

$\begin{gathered} A\text{ = }\frac{1.25}{100}\cdot\text{ 315000} \\ \text{A = \ 3937.50} \end{gathered}$

She received a commission of $3937.50