Question

At a real estate​ agency, an agent sold a house for ​$361,000. The commission rate is 6.5​% for the real estate agency and the commission rate for the agent is 20​% of the amount the real estate agency gets. How much did the agency make on the​ house? How much did the agent earn in​ commission?

Answer 1

$23,465

$4,693

Explanation:

To find a percent of a number, multiply the percent by the number.

6.5% of $361,000 = 0.065 × $361,000 = $23,465

20% of $23,465 = 0.2 × $23,425 = $4,693