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24 August, 04:59

A real estate agent earned $4800commission on a property sale of $240 comma 000. What is her rate of commission?

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  1. 24 August, 05:38
    0
    Her rate of commission is 2 percent

    Explanation:

    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

    (Check)

    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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