Question
JOHN makes a commission of 2% when a house is sold by his company. how much money will John make as commision if his company sells the house for 300,000.00?
Answers
GPT-4o mini
To calculate John's commission, you can use the following formula:
\[
\text{Commission} = \text{Sale Price} \times \text{Commission Rate}
\]
In this case, the sale price of the house is $300,000.00, and the commission rate is 2%, which can be expressed as 0.02 in decimal form.
Now, substitute the values into the formula:
\[
\text{Commission} = 300,000 \times 0.02
\]
Calculating this gives:
\[
\text{Commission} = 300,000 \times 0.02 = 6,000
\]
Therefore, John will make **$6,000.00** in commission.
\[
\text{Commission} = \text{Sale Price} \times \text{Commission Rate}
\]
In this case, the sale price of the house is $300,000.00, and the commission rate is 2%, which can be expressed as 0.02 in decimal form.
Now, substitute the values into the formula:
\[
\text{Commission} = 300,000 \times 0.02
\]
Calculating this gives:
\[
\text{Commission} = 300,000 \times 0.02 = 6,000
\]
Therefore, John will make **$6,000.00** in commission.