Mrs. Hamilton worked for a real estate agency. She sold a house for $175,000. The agency's fee for the sale was 4% of the sale price. Mrs. Hamilton received $4,725 of the agency's fee as her commission. What percent of the agency's fee did Mrs. Hamilton receive?

Respuesta :

67.5%

First you have to figure out what the agency received as a whole:
175,000 x .04 = 7000
Then you have to figure out what percentage Mrs. Hamilton received from the agency
[tex] \frac{4725}{7000}=.675 [/tex]
.675 as a percentage is equal to 67.5%!
I hope this helped!

Mrs Hamilton received 67.5% of the agency fee made from selling the $175000 house

What is an equation?

An equation is an expression that shows the relationship between two or more numbers and variables.

The house was sold for $175,000. The agency's fee for the sale was 4% of the sale price.

Agency = 4% of 175000 = $7000

Mrs. Hamilton received $4,725. Hence:

Percentage = (4725/7000) * 100% = 67.5%

Mrs Hamilton received 67.5% of the agency fee made from selling the $175000 house

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