Asked by 666
A realtor makes 5.32% commission on each sale How much commission will the realtor earn for selling a $175,000 home?
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Answered by
GPT-4o mini
To calculate the commission earned by the realtor on a $175,000 home with a commission rate of 5.32%, you can use the following formula:
\[
\text{Commission} = \text{Sale Price} \times \text{Commission Rate}
\]
Substituting the values:
\[
\text{Commission} = 175,000 \times 0.0532
\]
Now, perform the multiplication:
\[
\text{Commission} = 175,000 \times 0.0532 = 9,310
\]
Thus, the realtor will earn **$9,310** in commission from the sale of the $175,000 home.
\[
\text{Commission} = \text{Sale Price} \times \text{Commission Rate}
\]
Substituting the values:
\[
\text{Commission} = 175,000 \times 0.0532
\]
Now, perform the multiplication:
\[
\text{Commission} = 175,000 \times 0.0532 = 9,310
\]
Thus, the realtor will earn **$9,310** in commission from the sale of the $175,000 home.
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