Question
upstudy study bank question image url

Question 4 of 10 step 1 of 1 A real estate agent works on a \( 10 \% \) commission. What is her commission on a house that she sold for \( \$ 475,900 \) ? Follow the problem-solving process and round your answer to the nearest cent, if necessary. AnswerHow to enter your answer (opens in new window) 2 Points Keyboard Shol 00:57:4 Rey,

Ask by Perkins Stewart. in the United States
Mar 15,2025

Upstudy AI Solution

Tutor-Verified Answer

Answer

The real estate agent's commission is \$47,590.00.

Solution

Sign in to Unlock Answers for Free!

A Learning Platform Trusted by Millions of Real Students and Teachers.

star-icon Unlock

Answered by UpStudy AI and reviewed by a Professional Tutor

Bonus Knowledge

To calculate the commission, you'll want to multiply the sale price of the house by the commission rate. In this case, the formula would be: \[ \text{Commission} = \text{Sale Price} \times \text{Commission Rate} \] So, plugging in the numbers: \[ \text{Commission} = 475,900 \times 0.10 = 47,590 \] Thus, the real estate agent's commission on the sale of the house is \( \$47,590.00 \). One fun way to remember commission calculations is to think of it as a "piece of the pie." Just like slicing up a delicious pie, you’re taking a certain percentage of a bigger price. Keeping track of these slices can help you not get lost in complicated numbers! When calculating commissions, it's easy to forget rounding rules. Always round to the nearest cent when dealing in money! If your final answer ends in more than two decimal places, be sure to cut it off or round it appropriately. Cents matter, especially in financial transactions!

Try Premium now!
Try Premium and ask Thoth AI unlimited math questions now!
Maybe later Go Premium
Study can be a real struggle
Why not UpStudy it?
Select your plan below
Premium

You can enjoy

Start now
  • Step-by-step explanations
  • 24/7 expert live tutors
  • Unlimited number of questions
  • No interruptions
  • Full access to Answer and Solution
  • Full Access to PDF Chat, UpStudy Chat, Browsing Chat
Basic

Totally free but limited

  • Limited Solution
Welcome to UpStudy!
Please sign in to continue the Thoth AI Chat journey
Continue with Email
Or continue with
By clicking “Sign in”, you agree to our Terms of Use & Privacy Policy