Question

Miguel sells a house for 275,000. His commission for the sale is 7,562.5

What percent commission did he earn?
In percent form

Answer 1

`2.75\%`

Explanation:

To find what percentage a certain value is of another value, simply divide the first value by the second, respectively.

We want to find want percentage that 7,562.5 is of 275,000. Therefore, we will divide 7,562.5 by 275,000 to obtain a decimal:

`(7,562.5)/(275,000)=0.0275`

To convert from a decimal to a percentage, multiply by 100:

`0.0275 \cdot 100=\boxed{2.75\%}`