Question

1) Miguel sells a house for $275,000. His commission for the sale is $6,875. What percent commission did he earn? (Make sure to write your answer as a percent for example: 6.2%)

Answer 1

Answer: 2.5%

Step-by-step explanation:

Let's use the rule of 3 here.

If the total price is $275,000 or 100% of the sale, then $6,875 is X% of the total sale.

Let's put money on one side and percentages on the other.

$\frac{275000}{6875}=\frac{100}{x}$

Solve for x;

$x=\frac{6875*100}{275000}$

$x=2.5$