Sheila received a 6.5% commission on a house she sold for $110,400. How much commission did she receive?
110,400 * 0.065 = ?
7,176
To calculate the commission Sheila received, first, we need to convert the commission rate from a percentage to a decimal. We can do this by dividing the percentage by 100:
6.5% = 6.5/100 = 0.065
Next, we calculate the amount of commission by multiplying the rate by the sale price of the house:
Commission = Commission rate * Sale price
Commission = 0.065 * $110,400
Commission = $7,176
Therefore, Sheila received a commission of $7,176.
To calculate the commission Sheila received, you need to multiply the sale price of the house by the commission rate.
Step 1: Convert the commission rate from a percentage to a decimal. Divide the commission rate by 100.
6.5% commission rate = 6.5/100 = 0.065
Step 2: Multiply the sale price of the house by the commission rate to find the commission amount.
Commission = Sale Price * Commission Rate
Commission = $110,400 * 0.065
Now let's do the math:
Commission = $7,176
Sheila received a commission of $7,176.