Question

Mrs. Hamilton worked for a real estate agency she sold a house for $175,000 the agency fee for the sale was 4% of the sale price Mrs. Hamilton received $4,725 of the agency fee as her commission what percent of the agency's fee did Mrs Hamilton receive? how do you round the answer to the nearest tenth of a percent?

Answer 1

First we find the total fee

175000 x 4% = 175000 x 0.04 = 7000

% Mrs Hamilton received is the amount she received over the total fee

4725/7000 = 0.675 = 67.5%