a house sold for $480,000, and the realtor received a $31,200 commission. what percent of the selling price…

a house sold for $480,000, and the realtor received a $31,200 commission. what percent of the selling price did the realtor earn?\na 6.5%\nb 6.9%\nc 8.0%\nd 8.2%

a house sold for $480,000, and the realtor received a $31,200 commission. what percent of the selling price did the realtor earn?\na 6.5%\nb 6.9%\nc 8.0%\nd 8.2%

Answer

Explanation:

Step1: Set up percentage formula

Percent = $\frac{\text{Commission}}{\text{Selling Price}}\times100%$

Step2: Substitute values

Percent = $\frac{31200}{480000}\times100%$ Percent = $0.065\times100%$

Step3: Calculate result

Percent = $6.5%$

Answer:

A. 6.5%