At a real estate agency, an agent sold a house for $392 comma 000. The commission rate is 7.5 % for the real estate agency and the commission rate for the agent is 20 % of the amount the real estate agency gets. How much did the agency make on the house? How much did the agent earn in commission? The agency made $ nothing on the house.

Question

Moshe Tucker

Mathematics

21 May, 20:59

At a real estate agency, an agent sold a house for $392 comma 000. The commission rate is 7.5 % for the real estate agency and the commission rate for the agent is 20 % of the amount the real estate agency gets. How much did the agency make on the house? How much did the agent earn in commission? The agency made $ nothing on the house.

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Chelsea Baxter · Answer 1

Step-by-step explanation:

At a real estate agency, an agent sold a house for $392000.

The commission rate is 7.5 % for the real estate agency. This means that the amount of money that the real estate agency earn would be

7.5/100 = 392000 = 0.075 * 392000 = $29400

the commission rate for the agent is 20 % of the amount the real estate agency gets. This means that the amount that the agent would earn is 20/100 * 29400 = 0.2 * 29400 = $5880