A real estate agent sells a house for $92,000. She receives a 6% commission on the sale of the house.
How much did she earn on the sale?
Round your answer to the nearest cent.
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ok first off, I'm asking because I got an 60% on the quiz so I'm trying to get a better grade :/ sooo...
... so . . . show your work and your answer, so it can be checked and confirmed or corrected.
92000 * 0.06 = _____
Its.. 5520
To calculate how much the real estate agent earned on the sale, you need to find 6% of the sale price. Here are the steps to determine the answer:
Step 1: Calculate the commission amount
Multiply the sale price by the commission rate expressed as a decimal:
Commission = Sale price * Commission rate
In this case, the sale price is $92,000 and the commission rate is 6% (or 0.06 as a decimal):
Commission = $92,000 * 0.06 = $5,520
Step 2: Round the answer
The question asks for the answer to be rounded to the nearest cent. In this case, since the commission amount is expressed in dollars, you would round to the nearest cent, which is the nearest hundredth decimal place.
Therefore, the real estate agent earned $5,520 on the sale of the house.