If Moby uses a commission rate of 5% and he sold four houses this month, how much money did Moby's sellers pay in commission if the sales prices for the homes he sold were: $225,000, $117,000, $186,550, and $79,995

Question

Business

Jonas Stein

27 May, 07:32

If Moby uses a commission rate of 5% and he sold four houses this month, how much money did Moby's sellers pay in commission if the sales prices for the homes he sold were: $225,000, $117,000, $186,550, and $79,995

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Answers (1)

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Hector Krueger · Answer 1

The amounts paid are:

$11,250, $5,850, $9,327.5 and $3,999.75 respectively

Explanation:

To know the amount they paid in commission, we simply find 5% of each of the sales prices. Let's label the houses as A, B, C and D respectively.

A. 5/100 * 225,000 = $11,250

B. 5/100 * 117,000 = $5,850

C. 5/100 * 186,550 = $9,327.5

D. 5/100 * 79,995 = $3,999.75