Question

A real estate agent has sold a house for $350,000. She earns 3% commission. How much did she earn? Show your work!

Answer 1

3% is equal to .03 so .03 times $350,000 equals $10,500

Answer 2

Well, let’s get started! The major here is dollars and percentages. Let’s have a look: 350,000/100%. Do you know why? 350,000 is the total, which is 100%. The seller only earns 3%. So let’s compare:

350,000          ?

————-        ——-

100%                 3%

Now we do 350,000 times 3. This is because ? Times 100 is equal to 350,000 times 3. 350,000 time 3 is 1,050,000. Now we do 1,050,000 divided by 100. This equals 10,500.

10,500 is your answer