Mr. Johnson worked for a real estate agency. He sold a house for $750,000. The agency's fee for the sale was 9% of the sale price. Mr. Johnson received $25,000 agency's fee as his commission. What percent of the agency's fee did Mr. Johns receive?
Round your answer to the nearest whole number.
Round your answer to the nearest whole number.
1 Answer
Explanation:
Sale price of the house
Agency's fees
So, agency's fees
#= $750,000 xx (9/100) = $67,500#
Note:
Mr. Johnson's commission
This commission he got from the agency's fees of
Percent of Agency fees received by Johnson
#= (25000/67500) xx 100%#
#= 37.03%#
Note: when finding percent, the total amount comes in the denominator and the part of the total amount comes in the numerator and then they are divided and the answer is then multiplied by