Question

A real estate agency, an agent sold a house for 373,000. The commission rate is 4.5% for the real estate agency and the commission rate for the agent is 25% of the amount the real estate agency gets. How much did the agency make on the house?​

Answer 1

$12588.75

Explanation:

You must figure out the amount the agency makes on the house before they give the real estate agent their commission then find the amount of commission the real estate agent gets then take that from the agency's total before to get the agency's profit

373,000 X 4.5%

= 16,785 X 25%

= 4196.25

16,785 - 4196.25 = 12588.75

Therefore the agency made $12588.75 on the sale of the house