Question

At a real estate​ agency, an agent sold a house for ​$360,000. The commission rate is 25% for the real estate agency and the commission 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?

Answer 1

Answer: See explanation

Step-by-step explanation:

a. The amount that the agency make on the​ house will be 25% of $360,000. This will be:

= 25% × $360,000

= 25/100 × $360,000

= 0.25 × $360,000

= $90,000

b. The amount that the agent earn in​ commission will be:

= 30% × $90,000

= 30/100 × $90,000

= 0.3 × $90,000

= $27,000