Question

A property agent charges a commission of 2.5% on
the selling price of a house.
(a) Given that the agent sells a house for $650 000,
find the amount of commission he receives.
b) On another occasion, he receives a commission
of $12 000. Find the selling price of the house.
)

Answer 1

Answer:

Answer a) he gets $16250.

Answer b) the selling price of the house will be $480000.

Step-by-step explanation:

In question a you have to find 2.5% of 650000, the formula for finding it is

The percent/100 * the total money = 2.5/100*650000 = 16250.

In question b you have to find the amount of the house so the formula is

The commission/the percent * 100 so 12000/2.5*100 = 480000.

Hope it will help you