Question

A real estate agent received 1. 5% commission for a house that sold for $250,000. How much was the agent's commission?.

Answer 1

To calculate the agent's commission, you can multiply the selling price of the house by the commission rate.

Commission = Selling price × Commission rate

Given:

Selling price = $250,000

Commission rate = 1.5% = 1.5/100 = 0.015

Commission = $250,000 × 0.015 = $3,750

Therefore, the agent's commission for the house sale was $3,750.