Question

mrs. hamilton worked for a real estate agency. she sold a house for $175,000. the agency's fee for the sale was 4% of the sales price. Ms, hamilton received $4,725 of the agency's fee as her commission. what percent of the agency's fee did mrs.hamilton receive? round your answer to the nearest tenth of a percent.

Answer 1

Selling Price of the house = $175 000

Agency Commission = 4% of $175000
Agency Commission = 0.04 x 175000 = $7000

Percentage of Hamilton's commission = 4725/7000 x 100 = 67.5%

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Answer: 67.5%
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