Question

a real estate agent works on a 5% commission. what is her commission on a house that she sold for $335,500?
follow the problem-solving process and round your answer to the nearest cent, if necessary.

Explanation:

Identify given values

We are given the following values from the problem statement:

• Commission rate: \(5\%\)
• Selling price of the house: \(\$335,500\)

Convert percentage to decimal

To perform calculations, we convert the percentage rate into a decimal:

$$ 5\% = \frac{5}{100} = 0.05 $$

Calculate the commission

We calculate the commission by multiplying the selling price by the decimal commission rate:

$$ \text{Commission} = \$335,500 \times 0.05 $$

$$ \text{Commission} = \$16,775 $$

Round the final value

The calculated commission is exactly \(\$16,775.00\), which is already rounded to the nearest cent.

Answer:

A real estate agent works on a 5% commission. What is her commission on a house that she sold for $335,500?
Follow the problem-solving process and round your answer to the nearest cent, if necessary.

$ <blank>16,775</blank>