If I sell my house for $500,000 with the help of a realtor and they take a 10% fee for their work, how much money do I get?
Question
If I sell my house for $500,000 with the help of a realtor and they take a 10% fee for their work, how much money do I get?
Solution
Step 1: Identify the realtor's fee. The realtor's fee is 10% of the selling price of the house.
Step 2: Calculate the amount of the realtor's fee. To do this, multiply the selling price of the house by the realtor's fee.
In this case, the selling price is $500,000 and the realtor's fee is 10% or 0.10 (in decimal form).
So, 50,000.
This means the realtor's fee is $50,000.
Step 3: Subtract the realtor's fee from the selling price to find out how much money you get.
So, 50,000 = $450,000.
Therefore, you get $450,000 after selling your house and paying the realtor's fee.
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