uestion 5 of 5, Step 1 of 1 real estate agent works on a \( 9 \% \) commission. What is her commission on a house that she sold for \( \$ 417,700 \) ? Follow the problem-solving process and round your answer to the nearest cent, if necessary. How to enter your answer (opens in new window)
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To find the commission, you simply multiply the sale price by the commission rate. So, for a house sold at $417,700, the calculation would be \( 417,700 \times 0.09 \). This results in a commission of \( 37,593 \). Thus, the real estate agent earns a commission of $37,593.00! When calculating commissions, a common mistake is forgetting to convert percentage rates into decimals. Always remember that to find 9%, you must divide it by 100, giving you 0.09. This small step can make or break your calculations!