Question

A man sold his house for $125,000. After paying the broker his commission, the man received $116,875. What was the broker’s commission percentage?

Answer 1

Answer:

6.95%

Step-by-step explanation:

Sp of house = $125,000

Original price get = $116,875

Broker Comission = $125,000-$116,875

= $8125

Broker Comission% = (8125÷116,875) × 100

= 6.95%

Answer 2

Answer:

6.5%

Step-by-step explanation:

$125,000 - $116,875 = $8,125

$\frac{8125}{125000}$ × 100 = 6.5%