Question

Casey is a real estate agent. She earns 8.15% commission on each sale she makes. After working with a potential buyer for 3.5 months, she finally sold a house for $877,000. What did casey earn in commissions for this sale

Answer 1

Given parameters:

Commission per sale  = 8.15%

Cost of house sold = $877,000

Unknown:

Amount of commission earned  = ?

Solution;

 The amount of commissioned earned;

          = Commission per sale x cost of house sold

          = $\frac{8.15}{100}$  x 877,000

          = $71,475.5

The commission earned on this sale is  $71,475.5