Question

A man sold his house for $125,000. After paying the broker his commission, the man received $116,875. What was the broker’s commission percentage?

Answer 1

Answer:

6.5%

Step-by-step explanation:

We know that a man sold his house for $125,000 and received $116,875 after paying the broker his commission.

We need to find the percentage of the broker's commission.

$125000 - 116875 = 8125$

Calculating this amount as the percentage of the total amount to find the broker's commission percentage.

$\frac { 8125 } { 125000 } \times 100$

$0.065 \times 100$

6.5%

Answer 2

125,000-116875=8,125

8,125/125,000=0.074

0.065×100=6.5%