24 August, 04:59
A real estate agent earned $4800commission on a property sale of $240 comma 000. What is her rate of commission?
24 August, 05:38
Her rate of commission is 2 percent
Commission = $4800
Sale of property = $240,000
Rate of commission = (Commission / Sale Of Property) * 100
Rate of commission = $ 4800 / $ 240,000 * 100
Rate of commission = 0.02 * 100
Rate of commission = 2%
The above solution can be checked by putting in the values of percent and commission
2% of $ 240,000
= (2/100) * $ 240,000
= 2 * $2400
= $ 4800
Thus 2 percent of $ 240,00 is equal to $ 4800
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» A real estate agent earned $4800commission on a property sale of $240 comma 000. What is her rate of commission?