A real estate agent sells a house for $229,605. A sales commission of 6% is charged. The agent gets 45% of this commission. How much money does the agent get?
The agents Commission (C) is:
C = Sale price * sales commission percent * agent commission percent
Since 6% = 0.06 and 45% = 0.45, we have:
C = 229605 * 0.06 * 0.45
C = 6,199.34
The agents Commission (C) is:
C = Sale price * sales commission percent * agent commission percent
Since 6% = 0.06 and 45% = 0.45, we have:
C = 229605 * 0.06 * 0.45
C = 6,199.34