Question

Mrs.Hamilton worked for a real estate agency. She sold a house for $250,000. The agency's fee for the sale was 5% of the sale price. Mrs.Hamilton received $5,500 of the agency's fee as her commission. What percent of the agency's fee did Mrs.Hamilton recieve? Round your answer to the nearst tenth of a percent.

Answer 1

250,000 x 0.05 = 12,500
5500 / 12500 = 0.44
0.44 x 100 = 44%