Question
A realtor makes 5.32% commission on each sale How much commission will the realtor earn for selling a $175,000 home? c=$?
Answers
GPT-4o mini
To calculate the commission earned by the realtor on a $175,000 home at a commission rate of 5.32%, you can use the following formula:
\[
\text{Commission} (c) = \text{Sale Price} \times \text{Commission Rate}
\]
First, convert the percentage to a decimal:
\[
5.32\% = \frac{5.32}{100} = 0.0532
\]
Now plug in the sale price:
\[
c = 175,000 \times 0.0532
\]
Calculating that:
\[
c = 175,000 \times 0.0532 = 9,310
\]
Therefore, the realtor will earn **$9,310** in commission for selling the $175,000 home.
\[
\text{Commission} (c) = \text{Sale Price} \times \text{Commission Rate}
\]
First, convert the percentage to a decimal:
\[
5.32\% = \frac{5.32}{100} = 0.0532
\]
Now plug in the sale price:
\[
c = 175,000 \times 0.0532
\]
Calculating that:
\[
c = 175,000 \times 0.0532 = 9,310
\]
Therefore, the realtor will earn **$9,310** in commission for selling the $175,000 home.