Answer:
1. $97,265
2. $17,865
Step-by-step explanation:
Step one:
given data
cost of the house= $397,000.
we are told that the commission is 4.5% real estate agency
and also the agent commission is 20%
Step two:
1. How much did the agency make on the house?
this amount is 20% plus 4.5% together.
=20/100*397,000 +4.5/100*397,000
=0.2*397,000. +0.045*397,000.
=79400+17865
=97,265
The agent made a total of $97,265 on the house
2. How much did the agent earn in commission?
in commission, the rate is 4.5% which amounts to $17,865
