A real estate agent works on a 10%10% commission. What is her commission on a house that she sold for $443,700$443,700? Follow the problem-solving process and round your answer to the nearest cent, if necessary.
Question
A real estate agent works on a 10%10% commission. What is her commission on a house that she sold for 443,700? Follow the problem-solving process and round your answer to the nearest cent, if necessary.
Solution
Step 1: Understand the problem The problem is asking us to find out how much commission a real estate agent earns from selling a house. We know that the agent's commission rate is 10% and the selling price of the house is $443,700.
Step 2: Devise a plan To find the commission, we need to multiply the selling price of the house by the commission rate.
Step 3: Carry out the plan First, we need to convert the commission rate from a percentage to a decimal. To do this, we divide the percentage by 100. So, 10% becomes 0.10.
Next, we multiply the selling price of the house by the commission rate: 44,370
Step 4: Look back The real estate agent earns a commission of $44,370 from selling the house. This makes sense because 10% of the selling price is a common commission rate in the real estate industry.
So, the real estate agent's commission on a house that she sold for 44,370.
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