A Realtor has 6% commission, he sells a home for $70,000, how much is the commission?
.06*70000 = ?
4200
To calculate the commission amount, you need to multiply the selling price of the home by the commission rate, which is 6% or 0.06 as a decimal.
First, convert the commission rate to a decimal by dividing it by 100: 6% / 100 = 0.06.
Next, multiply the selling price of the home by the commission rate to find the commission amount: $70,000 * 0.06 = $4,200.
Therefore, the commission for selling a home priced at $70,000 with a 6% commission rate is $4,200.