At a real estate agency, an agent sold a house for $327,000. The commission rate is 5.5% for the real estate agency and the c

Question

4 years ago

12

At a real estate agency, an agent sold a house for $327,000. The commission rate is 5.5% for the real estate agency and the c

ommission rate for the agent is 30% 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?

Mathematics

1 answer:

sergeinik [125] · Answer 1 · 2022-01-19T23:26:13+03:00

Agency will get $8589.50 and the agent will earn $5395.50

Step-by-step explanation:

Price of house = $327000

Commission rate for agency = 5.5% = $\frac{5.5}{100} = 0.055$

Commission amount = 0.055*327000 = $17985

Commission rate for agent = 30% of Agency commission

Commission amount for agent = $\frac{30}{100}*17985=\frac{539550}{100}\\$

Commission amount for agent = $5395.50

Agency's commission = Agency's commission amount - agent's commission

Agency's commission = 17985 - 5395.50 = $8589.50

Agency will get $8589.50 and the agent will earn $5395.50

Keywords: commission rate, subtraction

Learn more about subtraction at:

#LearnwithBrainly

At a real estate​ agency, an agent sold a house for ​$327,000. The commission rate is 5.5​% for the real estate agency and the c

At a real estate agency, an agent sold a house for $327,000. The commission rate is 5.5% for the real estate agency and the c