a real estate agent sold a house for $250,000 and received a 5.5% commission on the sale. how much was the…

a real estate agent sold a house for $250,000 and received a 5.5% commission on the sale. how much was the commission?\na $13,750\nb $137,500\nc $1,375\nd $137.50

a real estate agent sold a house for $250,000 and received a 5.5% commission on the sale. how much was the commission?\na $13,750\nb $137,500\nc $1,375\nd $137.50

Answer

Explanation:

Step1: Convert percentage to decimal

To convert 5.5% to a decimal, we divide by 100. So $5.5%=\frac{5.5}{100}=0.055$.

Step2: Calculate the commission

The commission is found by multiplying the sale - price of the house by the commission rate. The sale - price of the house is $250000$ and the commission rate is $0.055$. So the commission $C = 250000\times0.055=13750$.

Answer:

A. $13,750$