A realtor made $5,355 on the sale of a house that sold for $126,000. What's the rate commission. What's the commission rate? Show explanation please. And I WILL choose the best answer for this one. Plus a thumbs up.
2007-01-09 14:43:58 · 4 answers · asked by ___________ 4 in Education & Reference ➔ Homework Help
If you're looking for a percentage, the answer is:
$5355=$126,000x
where x is the percentage
So, 5355/126000=.0425
The realtor received a 4.25% commission.
Think about it this way, as an explanation:
If you know the realtor gets 4.25%, and the house sells for $126,000, and you wanted to know how much they'll make, you'd write this out as 126,000 x .0425, and end up with 5,355.
2007-01-09 14:54:38 · answer #1 · answered by manderson 2 · 1⤊ 0⤋
Commission Rate is 4%
House sells for 126,000
commission paid: 5355
126000 - 5355 = 120645
120645 / 126000 = 96
96 = 96%
100 - 96 = 4
4 = 4%
I hope my little brother is right on this one...
2007-01-09 22:54:04 · answer #2 · answered by Rmprrmbouncer 5 · 0⤊ 0⤋
4.25%.
Here is how:
Let comission be =y %
a - The Calculated Comission= 126000 x (y/100)
b- Actual total comssion=5355
Amount in a and b above are the same, so
12600 x (y/100) = 5355
y= 4.25 which is 4.25%
2007-01-09 23:00:00 · answer #3 · answered by Ottawan-Canada 3 · 0⤊ 0⤋
Do your own homework
2007-01-09 22:51:25 · answer #4 · answered by Wahooo 2 · 0⤊ 1⤋