Question

1. the real estate agent made a 3% commission on the sale of a house that sold for $516,000. how much commission did the real estate agent make?

Explanation:

Step1: Convert percentage to decimal

To find the commission, we first convert the 3% commission to a decimal. We know that to convert a percentage to a decimal, we divide by 100. So, \( 3\%=\frac{3}{100} = 0.03\).

Step2: Calculate the commission

The commission is calculated by multiplying the sale price of the house by the commission rate (in decimal form). The sale price of the house is $516,000. So, we calculate \( 516000\times0.03\).
\( 516000\times0.03 = 15480\)

Answer:

The real estate agent made a commission of $15,480.