tom and joy split 6% commision on a house they sold for 120,000 how much did each recieve

Answer 1

To find out how much Tom and Joy received from the 6% commission on the sale of a house for $120,000, follow these steps:

1. Calculate the total commission: \[ \text{Total Commission} = \text{Sale Price} \times \text{Commission Rate} \] \[ \text{Total Commission} = 120,000 \times 0.06 = 7,200 \]

2. Assuming Tom and Joy split the commission equally: \[ \text{Amount Each Received} = \frac{\text{Total Commission}}{2} = \frac{7,200}{2} = 3,600 \]

Therefore, each received $3,600 from the sale. If they split it in a different ratio, please provide that information for a more tailored calculation.