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svet-max [94.6K]
2 years ago
8

A real estate agent sold a lot for P550,000.00. If his agency pays 10% commission, how much commission will he/she receive?​

Mathematics
1 answer:
Elina [12.6K]2 years ago
3 0

Answer:

  P55,000

Step-by-step explanation:

The amount of commission is found by multiplying the commission rate by the value of the sale(s).

  commission = rate × sales

  commission = 0.10 × p550,000 = P55,000

The agent will receive P55,000 in commission.

_____

<em>Check</em>

The amount of commission cannot be more than the value of the sale. It is generally a small fraction of the sale value. Here, it is 1/10.

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