Me. Holtsclaw sells his home for $240,000 he must pay the real estate agents a 5% commission. How much is the commission?
2 answers:
Answer:
Mr. Holtsclaw has to pay $12,000.
Step-by-step explanation:
This is because 5% equals 0.05. And you have to do 240,000 times 0.05 which equals 12,000 which is the amount of commission.
<u>Answer:
</u>
Holtsclaw sells his home for $240,000 he must pay the real estate agents a 5% commission and the commission paid is $ 12000.
<u>Solution:
</u>
Given that Me. Holtsclaw sells his home for $240,000 he must pay the real estate agents a 5% commission
Amount Sold = $240,000
Percentage rate = 5%
We can find the commission paid by following the below steps
5% = 5/100 =0.05
Using the below formulae
Commission paid = Amount Sold × Percentage rate
= 240000 × 0.05
=12000
Therefore the commission paid to real estate agent is $ 12000.
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