Question

A man sold his house for $125000. After paying the broker his commission, the man received $116875. What was the brokers commission percentage?

Answer 1

Answer:

6.5%

Step-by-step explanation:

$\frac{116875}{125000}$ = $\frac{187}{200}$ = 0.935

0.935 -------> move the decimal point 2 places to the right ----> 93.5%

The man received 93.5%, meaning the broker received the rest.

100% - 93.5% = 6.5%

The brokers commission percentage was 6.5%