Question

A real estate agent received $5,880 commission on a sale of an &84,000 home.what is the rate of commission

Answer 1

As given by the question

There are given that the agent received $5880 commission on a sale of $84000.

Now,

The rate of commission is:

$\begin{gathered} \frac{5880}{84000}\times100=0.07\times100 \\ =7\% \end{gathered}$

Hence, the rate of commission is 7%.