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Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

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Chapter
Section
BuyFindarrow_forward

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

Solve the following word problems for the portion, rate, or base.

It Rob Winter, a real estate agent, earned 6 1 2 % commission on the sale of property valued at $210,000, how much was Rob's commission?

To determine

To calculate: The Rob’s commission if Rob Winter, a real estate agent has earned a commission of 612% on selling the property of value $210,000.

Explanation

Given Information:

Rob Winter, a real estate agent has earned a commission of 612% on selling the property of value $210,000.

Formula used:

Steps for computing percentage problems;

Step1: Recognize the two known values and the unknown value.

Step2: Pick the formula that solves the unknown value.

Step3: Solve the equation by putting the known values for the letters in the formula.

The portion is a part of the whole and it is determined by multiplying the rate times the base, that is;

P=R×B

Calculation:

The value of rate is R=612% as rate is the term having % sign and the value of base is B=$210,000 as the property sold at $210,000 as the base is the whole amount

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