A real estate agent received a 2.5% commission on the sale of a home. If the home sold for $259,000, how much was his commission?
We will be happy to critique your work or thinking.
To calculate the real estate agent's commission, you need to multiply the sale price of the home by the commission rate.
Step 1: Convert the commission rate to decimal form by dividing it by 100. In this case, the commission rate is 2.5%, so it can be written as 0.025.
Step 2: Multiply the sale price of the home by the commission rate.
259,000 * 0.025 = $6,475.
Therefore, the real estate agent's commission on the sale of the home is $6,475.