Question

If you are selling your house with a local realtor who requires a 5% commission fee, what can you expect to pay the realtor if your house sells for $176,000?

Answer 1

given data:

The cost of house is $176000.

The percentage the house realtor requires is 5%.

That is,

`\begin{gathered} (5)/(100)*176000 \\ =8800 \end{gathered}`

Thus 5% of 176000 is 8800.

Thus, you need to give $8800 to the local realtor.