Question

A real estate agent received a 2.5% commission on the sale of a home. If the home sold for $259,000, how much was his commission?

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Answer 1

[AI-generated answer — Explain Bot]

To calculate the real estate agent's commission, you need to multiply the sale price of the home by the commission rate.

Step 1: Convert the commission rate to decimal form by dividing it by 100. In this case, the commission rate is 2.5%, so it can be written as 0.025.

Step 2: Multiply the sale price of the home by the commission rate.

259,000 * 0.025 = $6,475.

Therefore, the real estate agent's commission on the sale of the home is $6,475.