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\begin{tabular}{l}\multicolumn{1}{|c|}{6} \\ Jason works as a red estate agent and \\ earns a \( 5 \% \) cormission on the sde price of \\ each house he sels. Last month, Jason sold a \\ house for \( \$ 300,000 \). How much did he earn \\ n commission? \end{tabular}

Ask by Savage Schultz. in the United States
Jan 10,2025

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Tutor-Verified Answer

Answer

Jason earned \$15,000 in commission from the sale.

Solution

To determine how much commission Jason earned from selling a house priced at \$300,000 with a 5% commission rate, you can use the following calculation: **Commission Calculation:** \[ \text{Commission} = \text{Sale Price} \times \text{Commission Rate} \] Plugging in the values: \[ \text{Commission} = \$300,000 \times 0.05 = \$15,000 \] **Answer:** Jason earned **\$15,000** in commission from the sale.

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To find out how much Jason earned in commission from selling the house, we multiply the sale price by his commission rate. So, \( 5\% \) of \( \$ 300,000 \) is calculated as follows: \[ \text{Commission} = \text{Sale Price} \times \text{Commission Rate} = 300,000 \times 0.05 = 15,000. \] Therefore, Jason earned \( \$ 15,000 \) in commission from the sale. Now, imagine if Jason sold multiple houses; his earnings could skyrocket! Property market trends can influence his earnings significantly. Additionally, if he develops good negotiation skills and market knowledge, he can secure better deals for clients, potentially leading to even higher commissions. Who doesn't love a good negotiation story?

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