SOLUTION: At Jones Realty each sale of a house results in 8% of the selling price being paid to the business. The selling agent then receives 70% of that amount as commission. If an agent se
Algebra.Com
Question 133292This question is from textbook Fundamentals of Algebric Modeling
: At Jones Realty each sale of a house results in 8% of the selling price being paid to the business. The selling agent then receives 70% of that amount as commission. If an agent sells a house for $225,000, what is the commission on the sale?
My answer is: $225,000(.07) = 15,750
This question is from textbook Fundamentals of Algebric Modeling
Answer by vleith(2983) (Show Source): You can put this solution on YOUR website!
The sales person gets 70% of 8%. So they will get = of the sales price
225000*0.056 = 12600
Not a bad day's work:)
RELATED QUESTIONS
At Jones Realty each sale of a house results in 6% of the selling price being paid to the (answered by elima)
At Jones Realty each sale of a house results in 6% of the selling price being paid to the (answered by edjones)
For selling a house, a real-estate agent receives 6% of the selling price. What was the... (answered by rfer)
A real estate agent is paid a 3.4% commission when selling a house. On one particular... (answered by Cromlix)
Danielle sold her house through an agent who charged her 8% of the selling price.
After... (answered by funmath)
Joe sold his house. After he paid his real estate agent 4.5% interest he was left with... (answered by stanbon)
A certain real-estate agent receives $6 for every &100 of a houses selling price. How... (answered by edjones)
A realtor who is paid 8% of the selling price in commission recently received $10,794 (answered by checkley79)
Paula and Melinda are considering selling their house, which they paid $150,000 for, but... (answered by solver91311)