Me. Holtsclaw sells his home for $240,000 he must pay the real estate agents a 5% commission. How much is the commission?
Mathematics · Middle School · Thu Jan 21 2021
Answered on
Given the statement:
Me. Holtsclaw sells his home for $240,000 he must pay the real estate agents a 5% commission.
Determine the commission that he pays the real estate agent.
Solution:
In order to determine the commission, we must simply multiply the decimal value of 5% to 240. Thus, this means that we need to change the percentage into decimals. In converting a percentage into decimal, divide the percentage by 100, hence in converting a decimal to percentage, multiply the percentage by 100.
= 5/100
= 0.05
= (0.5)($240,000)
= $1200
Final answer.
He will pay $1200 to the real estate agents.